Agenda packet — Corona City Council, December 4, 2024 (part 17 of 24)

STATISTICAL SECTION
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Contents Page
1 Net Position by Component 184
2 Changes in Net Position 186
3 Fund Balances – Governmental Funds 190
4 Changes in Fund Balances – Governmental Funds 192
5a Water Sales By User Type 194
5b Assessed Value and Actual Value of Taxable Property 195 6a Potable Water Rates 197
6b Reclaimed Water Rates 198
6c Direct and Overlapping Property Tax Rates 199
7a Principal Water Customers 200
7b Principal Property Tax Payers 201
8 Property Tax Levies and Collections 203
9 Ratios of Outstanding Debt by Type 204
10 Ratios of Net General Bonded Debt Outstanding 207
11 Direct and Overlapping Governmental Activities Debt 208 12 Legal Debt Margin Information 210
13 Pledged-Revenue Coverage 212
14 Demographic and Economic Statistics 215
15 Principal Employers 216
16 Full-time Equivalent City Government Employees by Function/Program 217 17 Operating Indicators by Function/Program 218
18 Capital Assets Statistics by Function/Program 220
These schedules contain service and infrastructure data to help readers understand how the information in the City's financial report relates to the services the City provides and the activities it performs.

City of Corona
Statistical Section Overview
(Unaudited)
This part of the City of Corona's annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City's overall financial health.

These schedules contain information to help the reader to understand how the City's financial performance and well-being have changed over time.

Financial Trends
Revenue Capacity
Debt Capacity
Demographic and Economic Information
Operating Information
These schedules contain information to help the reader assess the City's most significant own-source revenue.

These schedules contain information to help readers to assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future.

These schedules offer demographic and economic indicators to help readers to understand the environment within which the City's financial activities take place.
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2024 2023 2022 2021 2020
Governmental Activities
Net Investment in Capital Assets $ 845,284,685 $ 805,911,955 $ 774,605,309 $ 751,014,897 $ 715,567,718 Restricted for:

Capital Projects 42,247,174 43,106,386 37,622,892 30,373,703 30,073,897 Pension 46,473,646 35,415,224 30,102,382 - -
Debt Service 10,184 14,024 124 8,627,925 6
Transportation and Public Works 28,198,070 29,409,713 28,902,625 29,395,576 21,690,954 Special Assessment District 26,217,336 23,892,609 28,773,861 24,246,859 11,617,840 Development Projects 18,800,071 17,719,706 17,413,190 16,303,526 23,608,622 Community Development Projects 6,033,095 6,035,165 6,012,278 6,194,799 6,594,350 Other Purposes 2,242,981 283,659 540,572 565,368 350,132 Total Restricted 170,222,557 155,876,486 149,367,924 107,079,837 102,563,720 Unrestricted 85,199,675 72,780,934 52,930,786 38,917,327 45,153,818 Total Governmental Activities Net Position 1,100,706,917 $ $ 1,034,569,375 $ 976,904,019 $ 897,012,061 $ 863,285,256 Business-Type Activities
Net Investment in Capital Assets $ 387,584,719 $ 371,608,006 $ 365,081,077 $ 362,609,521 $ 348,173,650 Restricted for:

Capital Projects - - - 6,735,454 -
Debt Service 508,203 526,057 509,441 509,441 -
Transportation and Public Works 580,176 52,127 255,544 366,440 377,421 Development Projects 855,624 855,624 855,624 855,624 792,804 Total Restricted 1,944,003 1,433,808 1,620,609 1,731,505 7,905,679 Unrestricted (46,228,241) (44,211,868) (66,552,586) (70,513,075) (79,890,157) Total Business-Type Activities Net Position 343,300,481 $ $ 328,829,946 $ 300,149,100 $ 293,827,951 $ 276,189,172 Primary Government
Net Investment in Capital Assets $ 1,232,869,404 $ 1,177,519,961 $ 1,139,686,386 $ 1,113,624,418 $ 1,063,741,368 Restricted 172,166,560 157,310,294 150,988,533 108,811,342 110,469,399 Unrestricted 38,971,434 28,569,066 (13,621,800) (31,595,748) (34,736,339) Total Primary Government Net Position 1,444,007,398 $ $ 1,363,399,321 $ 1,277,053,119 $ 1,190,840,012 $ 1,139,474,428 Fiscal Year
City of Corona
Schedule 1
Net Position by Component
Last Ten Fiscal Years (accrual basis of accounting)
184 Page 1920 of 2748
2019 2018 2017 2016 2015
Governmental Activities
Net Investment in Capital Assets $ 690,776,881 $ 661,445,807 $ 638,468,424 $ 618,953,633 $ 587,861,831 Restricted for:

Capital Projects 34,034,394 35,250,894 26,832,918 24,440,919 23,435,434 Pension - - - - -
Debt Service 6,490,959 5,100,103 3,439,357 2,416,841 2,653,417 Transportation and Public Works 22,272,787 18,493,153 16,363,749 15,401,285 19,206,895 Special Assessment District 12,625,790 11,114,013 14,377,296 17,074,793 15,602,868 Development Projects 21,365,909 9,137,699 5,276,971 8,866,182 5,939,085 Community Development Projects
Other Purposes 382,770 309,562 725,421 514,174 560,289
Total Restricted 97,172,609 79,405,424 68,714,194 67,397,988 69,921,177 Unrestricted 34,147,614 23,749,730 96,234,263 90,173,729 270,365,217 Total Governmental Activities Net Position 822,097,104 $ $ 764,600,961 $ 783,902,090 $ 745,433,548 $ 897,600,470 Business-Type Activities
Net Investment in Capital Assets $ 346,111,296 $ 334,581,059 $ 324,512,188 $ 312,540,296 $ 286,045,985 Restricted for:

Capital Projects 6,735,454 6,735,454 6,735,454 7,205,941 6,898,174 Debt Service - - - 6,061,277 -
Transportation and Public Works 369,860 261,195 697,391 611,272 830,088 Development Projects 792,804
Total Restricted 7,898,118 6,996,649 7,817,213 13,789,539 18,911,848 Unrestricted (95,417,283) (111,330,380) (96,745,399) (92,820,840) (91,326,475) Total Business-Type Activities Net Position 258,592,131 $ $ 230,247,328 $ 223,612,110 $ 207,014,684 $ 202,803,803 Primary Government
Net Investment in Capital Assets $ 1,036,888,177 $ 996,026,866 $ 962,980,612 $ 931,493,929 $ 873,907,816 Restricted 105,070,727 86,402,073 74,448,557 76,531,407 81,187,527 Unrestricted (61,269,669) (87,580,650) 20,341,732 (511,136) (2,647,111) Total Primary Government Net Position 1,080,689,235 $ $ 994,848,289 $ 1,057,770,901 $ 1,007,514,200 $ 952,448,232 Fiscal Year
City of Corona
Schedule 1
Net Position by Component (Continued)
Last Ten Fiscal Years (accrual basis of accounting)
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2024 2023 2022 2021 2020
Expenses
Governmental Activities:

General Government $ 55,837,152 $ 42,003,289 $ 35,184,855 $ 37,567,629 $ 35,158,626 Public Safety - Fire 36,651,843 59,329,187 31,961,693 32,592,271 29,429,998 Public Safety - Police 70,151,308 60,018,129 46,544,729 49,673,632 45,363,320 Public Works & Maintenance Services 45,274,584 33,911,619 51,021,619 42,862,546 47,417,239 Communiy Services (**) 21,721,934 18,724,859 3,969,626 3,863,503 3,720,964 Planning and Development (**) 11,148,793 9,928,888 5,081,650 6,404,617 5,179,409 Economic Development 1,355,186 1,303,084 1,200,606 651,741 219,500 Interest and Charges 6,198,268 4,841,729 3,857,494 1,125,253 1,239,678 Total Governmental Activities Expenses $ 230,060,784 248,339,068 $ 178,822,272 $ 174,741,192 $ 167,728,734 $ Business-Type Activities:

Water 68,332,076 60,671,831 63,431,423 61,436,086 59,032,333 Sewer 36,539,999 33,600,749 31,913,449 27,651,867 28,852,053 Electric 15,731,782 18,276,874 15,553,202 14,557,426 15,159,666 Transit Services 3,368,598 3,357,530 2,906,505 2,563,422 2,972,289 Airport 210,381 224,270 458,143 187,251 150,703
Total Business-Type Activities Expenses 124,182,836 116,131,254 114,262,722 106,396,052 106,167,044 Total Primary Government Expenses $ 346,192,038 372,521,904 $ 293,084,994 $ 281,137,244 $ 273,895,778 $ Program Revenues
Governmental Activities:

Charges for Services:

General Government (*) 6,983,111 6,661,052 6,179,740 5,908,573 4,942,880 Public Safety - Fire 4,710,511 4,493,877 3,952,023 3,889,503 4,048,936 Public Safety - Police 2,514,886 1,812,973 2,402,592 2,112,639 2,274,242 Public Works & Maintenance Services 11,562,298 14,061,014 14,764,111 13,536,491 14,552,360 Communiy Services (**) 2,932,771 2,774,611 2,190,731 867,243 1,919,806 Planning and Development (**) 7,200,962 5,646,101 4,592,172 5,605,810 4,084,790 Economic Development - - - - -
Operating Grants and Contributions 45,632,850 34,969,870 37,521,201 33,382,020 17,568,917 Capital Grants and Contributions 26,069,013 22,824,536 19,861,094 19,254,389 36,780,592 Total Governmental Activities Program Revenues 107,606,402 93,244,034 91,463,664 84,556,668 86,172,523 Business-Type activities:

Charges for Services:

Water 65,343,993 80,554,287 64,960,384 65,486,307 55,238,024 Sewer 34,783,423 35,209,947 34,027,929 34,562,829 30,984,409 Electric 18,337,177 17,882,717 17,554,503 16,484,158 16,346,238 Transit Services 84,309 94,181 246,155 63,382 297,111
Airport 505,096 480,645 434,761 591,652 398,281
Operating Grants and Contributions 9,341,926 2,966,466 5,062,788 2,226,923 2,185,674 Capital Grants and Contributions 2,788,273 4,182,457 1,894,007 4,146,239 6,004,436 Total Business-Type Activities Program Revenues 131,184,197 141,370,700 124,180,527 123,561,490 111,454,173 Total Primary Government Program Revenues $ 234,614,734 238,790,599 $ 215,644,191 $ 208,118,158 $ 197,626,696 $ City of Corona
Schedule 2
Changes in Net Position
Last Ten Fiscal Years (accrual basis of accounting)
Fiscal Year
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2019 2018 2017 2016 2015
Expenses
Governmental Activities:

General Government $ 33,591,975 $ 21,282,982 $ 28,273,481 $ 27,435,359 $ 24,481,334 Public Safety - Fire 29,004,569 29,892,569 26,004,329 24,447,062 24,052,304 Public Safety - Police 51,665,087 52,237,558 47,773,812 44,341,895 42,939,535 Public Works & Maintenance Services 41,082,525 38,699,371 35,763,511 39,647,786 33,544,227 Communiy Services (**) 4,301,828 3,815,661 5,281,168 6,463,940 6,559,251 Planning and Development (**) 4,666,834 3,691,471 4,736,871 5,933,581 3,806,766 Economic Development 391,110 329,276 4,927,998 4,422,141 3,107,755 Interest and Charges 1,347,268 1,398,132 1,034,468 1,910,542 2,016,105 Total Governmental Activities Expenses $ 151,347,020 166,051,196 $ 153,795,638 $ 154,602,306 $ 140,507,277 $ Business-Type Activities:

Water 54,241,684 66,216,277 52,922,440 51,177,312 55,714,372 Sewer 28,218,102 31,543,999 24,258,766 25,004,508 26,500,708 Electric 15,597,164 16,913,151 15,559,948 20,082,535 15,192,888 Transit Services 3,153,161 3,391,384 2,826,701 2,732,394 2,477,893 Airport 180,033 146,287 166,860 197,702 282,969
Total Business-Type Activities Expenses 101,390,144 118,211,098 95,734,715 99,194,451 100,168,830 Total Primary Government Expenses $ 269,558,118 267,441,340 $ 249,530,353 $ 253,796,757 $ 240,676,107 $ Program Revenues
Governmental Activities:

Charges for Services:

General Government (*) 7,377,481 10,394,661 18,216,829 18,556,870 20,774,890 Public Safety - Fire 4,914,360 5,076,947 4,087,577 3,679,300 3,142,720 Public Safety - Police 2,282,448 2,172,690 1,090,884 1,082,045 1,065,181 Public Works & Maintenance Services 17,033,637 15,271,111 15,757,571 15,708,292 20,011,693 Communiy Services (**) 2,882,270 2,582,847 1,690,619 1,481,845 1,014,872 Planning and Development (**) 4,868,485 3,718,706 2,112,169 2,116,832 2,420,301 Economic Development - - - - -
Operating Grants and Contributions 17,177,545 15,235,243 13,607,731 13,468,867 11,780,932 Capital Grants and Contributions 46,130,203 32,940,776 23,356,504 40,508,675 27,197,609 Total Governmental Activities Program Revenues 102,666,429 87,392,981 79,919,884 96,602,726 87,408,198 Business-Type activities:

Charges for Services:

Water 56,486,220 56,153,664 51,435,658 48,753,278 52,620,052 Sewer 31,394,607 31,114,187 31,271,134 30,755,583 30,735,952 Electric 16,971,319 17,772,585 16,789,626 17,057,728 16,760,206 Transit Services 364,025 359,652 445,604 427,417 432,281 Airport 341,505 265,996 298,868 272,217 288,820
Operating Grants and Contributions 1,813,204 3,195,967 2,876,392 5,116,662 4,160,035 Capital Grants and Contributions 6,915,473 4,992,185 13,061,722 6,954,812 13,485,750 Total Business-Type Activities Program Revenues 114,286,353 113,854,236 116,179,004 109,337,697 118,483,096 Total Primary Government Program Revenues $ 201,247,217 216,952,782 $ 196,098,888 $ 205,940,423 $ 205,891,294 $ (Continued)
* For 2016 and prior, General Government's program revenue was restated to reclassify Lease and Rental Income from General Revenues to Program Revenues ** The City had reorganization in fiscal year 2021-22, Community Development became Planning and Development while Library and Recreation Services became Community Services.

City of Corona
Schedule 2
Changes in Net Position (Continued)
Last Ten Fiscal Years (accrual basis of accounting)
Fiscal Year
187 Page 1923 of 2748
2024 2023 2022 2021 2020
Net (Expense)/Revenue
Governmental Activities $ (140,732,666) $ (136,816,750) $ (87,358,608) $ (90,184,524) $ (81,556,211) Business-Type Activities 7,001,361 25,239,446 9,917,805 17,165,438 5,287,129 Total Primary Government Net Expense $ (111,577,304) (133,731,305) $ (121,801,454) $ (73,019,086) $ (76,269,082) $ General Revenues and
Other Changes in Net Position
Governmental Activities:

Taxes
Property Taxes 63,338,213 $ 61,085,887 $ 55,400,381 $ 52,583,004 $ 50,397,965 $ Sales and Use Tax 97,709,068 101,136,363 89,912,163 44,752,843 39,657,924 Other Taxes 15,166,752 13,376,528 12,562,342 11,213,308 10,369,076 Total taxes 176,214,033 175,598,778 157,874,886 108,549,155 100,424,965 Investment Earnings 21,705,154 10,613,780 (1,537,234) 972,402 10,810,066 Miscellaneous 8,951,022 8,269,548 7,519,310 12,065,796 12,544,603 Unrestricted Grants and Contributions - - - - -
Gain/(Loss) on Sale of Capital Asset - - 120,753 158,800 - Extraordinary Items - - - - -
Transfers - - 109,748 (52,902) (706,869)
Special Items - - - - -
Total Governmental Activities 206,870,209 194,482,106 164,087,463 121,693,251 123,072,765 Business-Type Activities:

Investment Earnings 7,469,174 3,441,400 (3,486,908) 684,844 6,237,118 Other Income - - - - 4,001,432
Gain/(Loss) on Sale of Capital Asset - - - - -
Transfers - - 52,902 (109,748) 706,869
- - - - 2,052,000
Total Business-Type Activities 7,469,174 3,441,400 (3,596,656) 737,746 12,997,419 Total Primary Government $ 197,923,506 214,339,383 $ 160,490,807 $ 122,430,997 $ 136,070,184 $ Change in Net Position
Governmental Activities 66,137,543 $ 57,665,356 $ 76,728,855 $ 31,508,727 $ 41,516,554 $ Business-Type Activities 14,470,535 28,680,846 6,321,149 17,903,184 18,284,548 Total Primary Government $ 86,346,202 80,608,078 $ 83,050,004 $ 49,411,911 $ 59,801,102 $ (Continued)
Extraordinary Item - Impairment of
Capital Asset
City of Corona
Schedule 2
Changes in Net Position (Continued)
Last Ten Fiscal Years (accrual basis of accounting)
Fiscal Year
188 Page 1924 of 2748
2019 2018 2017 2016 2015
Net (Expense)/Revenue
Governmental Activities $ (63,384,767) $ (63,954,039) $ (73,875,754) $ (57,999,580) $ (53,099,079) Business-Type Activities 12,896,209 (4,356,862) 20,444,289 10,143,246 18,314,266 Total Primary Government Net Expense $ (68,310,901) (50,488,558) $ (53,431,465) $ (47,856,334) $ (34,784,813) $ General Revenues and
Other Changes in Net Position
Governmental Activities:

Taxes
Property Taxes 48,123,700 $ 45,646,490 $ 43,059,232 $ 42,156,726 $ 38,656,150 $ Sales and Use Tax 44,125,758 38,118,548 41,145,616 39,663,795 36,608,600 Other Taxes 11,640,957 10,490,863 9,565,580 9,349,800 10,566,662 Total taxes 103,890,415 94,255,901 93,770,428 91,170,321 85,831,412 Investment Earnings 9,042,370 540,824 623,227 3,172,905 1,988,557 Miscellaneous 11,764,807 13,123,627 6,892,170 4,765,043 3,686,771 Unrestricted Grants and Contributions - - - - -
Gain/(Loss) on Sale of Capital Asset - - - - -
Extraordinary Items - - - - 5,054,583
Transfers (1,896,122) (2,744,512) 44,970 14,540
Special Items 3,037,670 - - - -
Total Governmental Activities 122,801,470 108,213,510 101,330,795 99,122,809 96,561,323 Business-Type Activities:

Investment Earnings 5,010,211 334,927 199,758 1,839,114 862,948 Other Income 8,542,261 4,887,538 479,465 45,168 493
Gain/(Loss) on Sale of Capital Asset - - - - (10,207)
Transfers 1,896,122 2,744,512 (44,970) (14,540) -
- - - - -
Total Business-Type Activities 15,448,594 7,966,977 634,253 1,869,742 853,234 Total Primary Government $ 116,180,487 138,250,064 $ 101,965,048 $ 100,992,551 $ 97,414,557 $ Change in Net Position
Governmental Activities 59,416,703 $ 44,259,471 $ 27,455,041 $ 41,123,229 $ 43,462,244 $ Business-Type Activities 28,344,803 3,610,115 21,078,542 12,012,988 19,167,500 Total Primary Government $ 47,869,586 87,761,506 $ 48,533,583 $ 53,136,217 $ 62,629,744 $ (Concluded)
Extraordinary Item - Impairment of
Capital Asset
City of Corona
Schedule 2
Changes in Net Position (Continued)
Last Ten Fiscal Years (accrual basis of accounting)
Fiscal Year
189 Page 1925 of 2748
2024 2023 2022 2021 2020
General Fund
Nonspendable $ 181,097,329 $ 181,343,271 $ 187,583,529 $ 19,804,579 $ 22,787,534 Restricted 46,483,830 35,429,248 30,102,506 6 -
Committed 58,382,920 52,915,998 48,121,481 42,939,942 41,987,810 Assigned 88,364,753 76,964,148 55,140,510 60,053,636 62,449,057 Unassigned 24,875,671 18,602,355 221,995 - -
Total General Fund $ 399,204,503 $ 365,255,020 $ 321,170,021 $ 122,798,163 $ 127,224,401 All Other Governmental Funds
Nonspendable $ - $ - $ - $ - $ -
Restricted 122,691,535 118,483,309 112,789,005 104,416,319 102,563,720 Assigned 1,015,896 880,443 638,647 558,505 493,812
Unassigned (3,640,583) (4,580,345) (8,304,147) (3,301,897) (192,005) Total all other Govermental Funds $ 120,066,848 $ 114,783,407 $ 105,123,505 $ 101,672,927 $ 102,865,527 Fiscal Year
City of Corona
Schedule 3
Fund Balances – Governmental Funds
Last Ten Fiscal Years (modified accrual basis of accounting) 190 Page 1926 of 2748
2019 2018 2017 2016 2015
General Fund
Nonspendable $ 26,492,072 $ 31,465,340 $ 33,241,909 $ 34,124,977 $ 24,378,784 Restricted - - - - -
Committed 39,899,272 36,247,833 33,898,271 33,511,464 23,815,795 Assigned 55,495,036 40,855,061 41,979,112 33,141,625 50,696,555 Unassigned - - - - -
Total General Fund $ 121,886,380 $ 108,568,234 $ 109,119,292 $ 100,778,066 $ 98,891,134 All Other Governmental Funds
Nonspendable $ - $ - $ - $ 18,926,818 - $
Restricted 97,172,609 79,405,424 66,631,585 59,493,942 42,982,365 Assigned 396,813 389,356 432,652 9,428,541 5,825,674
Unassigned (48,500) (48,501) (48,525) (85,423) (151,869) Total all other Govermental Funds $ 97,520,922 $ 79,746,279 $ 67,015,712 $ 68,837,060 $ 67,582,988 Fiscal Year
City of Corona
Schedule 3
Fund Balances – Governmental Funds (Continued)
Last Ten Fiscal Years (modified accrual basis of accounting) 191 Page 1927 of 2748
2024 2023 2022 2021 2020
Revenues:

Property Taxes $ 64,969,085 $ 61,085,887 $ 55,400,381 $ 52,583,004 $ 49,470,941 Sales Taxes 97,709,068 101,136,363 89,912,163 44,752,843 39,657,924 Other Taxes 15,166,752 13,255,986 12,562,342 11,213,308 10,369,076 Licenses, Fees and Permits 4,684,253 4,696,217 6,577,476 5,469,660 4,459,005 Fines and Penalties 1,531,096 1,535,485 1,181,815 790,144 1,183,944 Special Assessments 9,946,467 9,706,838 9,432,946 9,203,891 8,906,312 Investment Earnings 22,178,016 7,399,104 (5,003,021) 1,490,406 10,810,066 Intergovernmental Revenues 53,233,221 47,683,385 32,729,863 38,145,769 27,400,952 Current Services 25,188,659 25,180,987 23,562,912 21,619,934 21,047,563 Payments in Lieu of Services 6,524,090 6,251,709 6,212,499 5,796,335 4,734,340 Other Revenues 15,268,645 12,471,005 17,116,969 13,735,817 30,985,010 Total Revenues 316,399,352 290,402,966 249,686,345 204,801,111 209,025,133 Expenditures:

General Government 47,726,698 41,210,177 56,625,834 37,706,387 34,223,230 Community Development - - -
Public Safety - Fire 33,413,124 30,850,827 88,966,232 29,921,638 25,727,486 Public Safety - Police 54,559,931 48,860,334 161,926,977 48,530,984 47,307,419 Public Works & Maintenance Services 26,667,991 25,411,031 48,988,071 34,447,957 38,963,202 Community Services (*) 17,931,015 17,285,486 14,401,529 4,537,236 5,058,205 Planning and Development (*) 9,770,464 9,284,984 12,786,610 6,572,646 5,703,942 Economic Development 1,141,158 1,158,528 2,369,713 689,231 264,656 Capital Outlay 61,089,996 40,724,348 39,909,543 43,682,940 35,810,526 Debt Service
Principal 18,301,424 16,872,858 17,173,832 3,006,263 2,905,509 Interest and Fiscal Charges 6,365,228 4,999,492 3,338,137 1,271,765 1,343,061 Total Expenditures 276,967,029 236,658,065 446,486,478 210,367,047 197,307,236 Excess of Revenues Over/(Under) Expenditures 39,432,323 53,744,901 (196,800,133) (5,565,936) 11,717,897 Other Financing Sources/(Uses)
Issuance of Debt 467,257 225,994,225 - - -
Principal Retirement - - - - -
Bond Premium - - - - -
Issuance of Leases - - - - -
Transfers In 1,289,243 1,536,125 1,467,597 1,274,306 2,508,422 Transfers Out (1,955,899) (1,536,125) (1,467,597) (1,327,208) (3,215,291) Total Other Financing Sources/(Uses) (199,399) 225,994,225 - (52,902) (706,869) Extraordinary Items - - - - -
Special Items - - - - -
Net Change in Fund Balances $ 39,232,924 $ 53,744,901 $ 29,194,092 $ (5,618,838) $ 11,011,028 Debt Service as a Percentage of
Non-capital Expenditures 11.4% 11.2% 5.0% 2.6% 2.6%
* The City had reorganization in fiscal year 2021-22, Community Development became Planning and Development while Library and Recreation Services became Community Services.

Fiscal Year
City of Corona
Schedule 4
Changes in Fund Balances – Governmental Funds
Last Ten Fiscal Years (modified accrual basis of accounting) 192 Page 1928 of 2748
2019 2018 2017 2016 2015
Revenues:

Property Taxes $ 47,994,974 $ 45,775,246 $ 43,170,396 $ 42,175,687 $ 38,896,950 Sales Taxes 44,125,758 38,118,548 41,145,616 39,663,796 38,565,868 Other Taxes 10,806,717 10,443,823 9,421,375 9,255,961 7,598,684 Licenses, Fees and Permits 14,334,965 6,530,878 5,682,991 7,947,593 9,599,549 Fines and Penalties 1,260,265 1,243,873 1,467,593 1,338,341 1,041,887 Special Assessments 8,599,669 8,518,569 8,281,089 8,801,035 9,438,713 Investment Earnings 9,042,370 540,761 623,227 3,169,381 1,988,557 Intergovernmental Revenues 23,459,273 19,642,952 26,038,928 41,588,677 27,601,255 Current Services 21,810,063 21,536,206 19,260,514 18,375,839 17,276,984 Payments in Lieu of Services 7,732,356 9,973,782 10,113,191 10,202,448 12,638,674 Other Revenues 38,087,702 35,312,655 14,111,953 13,314,649 15,300,761 Total Revenues 227,254,112 197,637,293 179,316,873 195,833,407 179,947,882 Expenditures:

General Government 32,612,219 33,897,611 25,520,135 25,200,855 21,735,399 Community Development - - - - -
Public Safety - Fire 25,393,135 26,668,495 25,855,247 25,894,695 24,874,714 Public Safety - Police 45,914,260 47,426,516 46,885,033 45,080,687 41,966,882 Public Works & Maintenance Services 33,876,327 32,492,756 27,172,763 33,621,625 27,777,052 Community Services (*) 5,140,160 5,153,298 5,197,923 4,669,898 4,677,992 Planning and Development (*) 5,249,767 4,807,968 4,816,552 5,953,143 3,829,120 Economic Development 444,925 421,117 4,930,642 4,422,141 3,107,755 Capital Outlay 38,969,422 35,320,776 30,579,173 43,444,050 34,342,416 Debt Service
Principal 2,814,099 3,324,719 2,853,939 2,800,122 3,672,900 Interest and Fiscal Charges 1,445,283 1,533,230 1,408,493 1,953,345 2,064,757 Total Expenditures 191,859,597 191,046,486 175,219,900 193,040,561 168,048,987 Excess of Revenues Over/(Under) Expenditures 35,394,515 6,590,807 4,096,973 2,792,846 11,898,895 Other Financing Sources/(Uses)
Issuance of Debt - 24,520,000 - - -
Principal Retirement - (27,212,450) - - -
Bond Premium - 2,974,564 - - -
Issuance of Leases 1,403,261 - - -
Transfers In 1,382,903 5,533,474 6,291,621 2,588,851 2,315,815 Transfers Out (3,764,070) (6,296,428) (5,677,217) (1,987,900) (1,739,145) Total Other Financing Sources/(Uses) (2,381,167) 640,307 896,518 600,951 576,670 Extraordinary Items - - - - -
Special Items 3,037,670 - - - -
Net Change in Fund Balances $ 33,013,348 $ 10,268,784 $ 4,993,491 $ 3,393,797 $ 12,475,565 Debt Service as a Percentage of
Non-capital Expenditures 2.8% 3.1% 2.9% 3.2% 4.3%
* The City had reorganization in fiscal year 2021-22, Community Development became Planning and Development while Library and Recreation Services became Community Services.

Fiscal Year
City of Corona
Schedule 4
Changes in Fund Balances – Governmental Funds (Continued) Last Ten Fiscal Years (modified accrual basis of accounting) 193 Page 1929 of 2748
Fiscal
Year Agricultural,
Ended Irrigation
June 30 and Other
Acre % of Acre % of Acre % of Acre % of Acre % of Acre Feet % Feet Total Feet Total Feet Total Feet Total Feet Total Total Total 2015 21,621 63.0 3,024 8.8 1,090 3.2 510 1.5 8,061 23.5 34,306 100.0 2016 18,876 62.9 2,726 9.1 958 3.2 391 1.3 7,054 23.5 30,005 100.0 2017 19,668 65.0 2,814 9.3 998 3.3 383 1.3 6,412 21.2 30,275 100.0 2018 21,703 63.6 2,884 8.5 1,092 3.2 400 1.2 8,020 23.5 34,099 100.0 2019 19,981 63.6 2,711 8.6 1,031 3.3 353 1.1 7,324 23.3 31,400 100.0 2020 21,340 65.5 2,645 8.1 1,012 3.1 361 1.1 7,246 22.2 32,604 100.0 2021 22,864 65.8 2,630 7.6 1,054 3.0 362 1.0 7,856 22.6 34,766 100.0 2022 22,125 65.2 2,773 8.2 1,005 3.0 399 1.2 7,625 22.5 33,927 100.0 2023 19,474 65.6 2,547 8.6 833 2.8 365 1.2 6,474 21.8 29,693 100.0 2024 19,451 65.4 2,358 7.9 805 2.7 374 1.3 6,757 22.7 29,745 100.0 Note: 1) Amounts include reclaimed water sales.

Source: Corona Department of Water and Power
City of Corona
Schedule 5a
Water Sales By User Type
1 Last Ten Fiscal Years
Residential Commercial Industrial Public Agency Total
194 Page 1930 of 2748
Fiscal Year Less: Total Taxable Total
Ended Residential Commercial Industrial Tax Exempt Assessed Direct Tax June 30 Property Property Property Other Property Value Rate 2015 11,717,313 2,165,931 2,215,181 1,501,930 301,090 17,299,265 1.0000 2016 12,263,772 2,245,287 2,304,917 1,589,670 354,324 18,049,322 1.0000 2017 12,889,324 2,271,239 2,344,708 1,626,588 335,878 18,795,981 1.0000 2018 13,784,933 2,348,687 2,457,625 1,681,325 360,006 19,912,564 1.0000 2019 14,411,691 2,617,996 2,620,278 1,680,616 359,344 20,971,237 1.0000 2020 15,133,389 2,736,983 2,708,635 1,764,358 481,982 21,861,383 1.0000 2021 15,997,437 2,826,228 2,952,503 1,794,076 486,611 23,083,633 1.0000 2022 16,890,158 2,810,127 3,093,455 1,736,378 486,557 24,043,561 1.0000 2023 18,326,812 2,963,556 3,625,711 1,814,071 475,249 26,254,901 1.0000 2024 19,327,734 3,143,086 4,171,874 1,958,329 546,714 28,054,309 1.0000 Source: HdL Coren & Cone, Riverside County Assessor Combined Tax Rolls Note: Property in the City is reassessed each year. Property is assessed at actual value; therefore, the assessed values are equal to the actual value. Tax rates are per $1,000 of assessed value.

City of Corona
Schedule 5b
Assessed Value and Actual Value of Taxable Property
Last Ten Fiscal Years (in thousands of dollars)
195 Page 1931 of 2748
196

Page 1932 of 2748 ends

Monthly Base Rates
Ready-To-Serve Charge
Fiscal Year12 5/8" 3/4" 1" 1 1/2" 2" 3" 4" 6" 8"
2015 2.10 3 19.23 25.23 36.09 62.90 91.80 156.91 241.02 442.64 651.04 2016 2.10 3 19.23 25.23 36.09 62.90 91.80 156.91 241.02 442.64 651.04 2017 2.10 3 19.23 25.23 36.09 62.90 91.80 156.91 241.02 442.64 651.04 2018 2.10 3 19.23 25.23 36.09 62.90 91.80 156.91 241.02 442.64 651.04 2019 2.10 3 19.23 25.23 36.09 62.90 91.80 156.91 241.02 442.64 651.04 2020 1.57 22.28 29.98 45.38 83.88 130.08 276.38 491.98 1,238.88 2,162.88 2021 1.65 23.40 31.48 47.65 88.08 136.59 290.20 516.58 1,300.83 2,271.03 2022 1.74 24.57 33.06 50.04 92.49 143.42 304.71 542.41 1,365.88 2,384.59 2023 1.83 25.80 34.72 52.55 97.12 150.60 319.95 569.54 1,434.18 2,503.82 2024 1.93 27.09 36.46 55.18 101.98 158.13 335.95 598.02 1,505.89 2,629.02 Structure adopted with Ordinance No. 3025, effective March 19, 2010.

Source: Corona Department of Water and Power
City of Corona
Schedule 6a
Potable Water Rates
Last Ten Fiscal Years
Quantity
Rate per
100 C.F.
1) There are instances where the rates were changed during the fiscal year. 2) For Fiscal Year 2010 and forward, the stated rate per 100 C.F. is for Residential Tier 1 of the Budget Based Water Rate 3) For Fiscal Year 2014-2019, the quantity rate included a pass-through charge from WMWD of $0.03 per 100 C.F. for Tier 1 rates 197 Page 1933 of 2748
Ready-To-Serve Charge
Fiscal Year12 5/8" 3/4" 1" 1 1/2" 2" 3" 4" 6" 8"
2015 1.51 18.90 24.79 35.46 61.79 90.18 154.12 236.76 434.82 639.52 2016 1.51 18.90 24.79 35.46 61.79 90.18 154.12 236.76 434.82 639.52 2017 1.51 18.90 24.79 35.46 61.79 90.18 154.12 236.76 434.82 639.52 2018 1.51 18.90 24.79 35.46 61.79 90.18 154.12 236.76 434.82 639.52 2019 1.51 18.90 24.79 35.46 61.79 90.18 154.12 236.76 434.82 639.52 2020 1.65 18.12 23.74 34.97 63.06 96.77 203.51 360.81 905.74 1,579.89 2021 1.79 19.75 25.88 38.12 68.74 105.48 221.83 393.28 987.26 1,722.08 2022 1.94 21.33 27.95 41.17 74.23 113.92 239.57 424.75 1,066.24 1,859.85 2023 2.03 22.40 29.34 43.23 77.95 119.61 251.55 445.98 1,119.55 1,952.84 2024 2.14 23.52 30.81 45.39 81.84 125.59 264.13 468.28 1,175.53 2,050.48 1) There are instances where the rates were changed during the fiscal year.

Source: Corona Department of Water and Power
Quantity
Rate per
100 C.F.
2) For Fiscal Year 2010 and forward, the stated rate per 100 C.F. is for Tier 1 of the Budget Based Water Rate Structure adopted with Ordinance No. 3025, effective March 19, 2010.
3) Rates for Reclaimed Water were established July 2, 2006 by Ordinance 2854.

City of Corona
Schedule 6b
Reclaimed Water Rates
Last Ten Fiscal Years
Monthly Base Rates 3
198 Page 1934 of 2748
General Corona/Norco Alvord Metropolitan Riverside City Basic Obligation Total School School Water Community
Year Rate1 Debt Service Direct District District District College 2015 1.0000 0.0000 1.0000 0.0647 0.1723 0.0035 0.0179
2016 1.0000 0.0000 1.0000 0.0854 0.1534 0.0035 0.0173
2017 1.0000 0.0000 1.0000 0.0942 0.1530 0.0035 0.0165
2018 1.0000 0.0000 1.0000 0.0831 0.1500 0.0035 0.0162
2019 1.0000 0.0000 1.0000 0.0903 0.1506 0.0035 0.0148
2020 1.0000 0.0000 1.0000 0.0939 0.1445 0.0035 0.0148
2021 1.0000 0.0000 1.0000 0.0982 0.1371 0.0035 0.0147
2022 1.0000 0.0000 1.0000 0.0982 0.1371 0.0035 0.0147
2023 1.0000 0.0000 1.0000 0.0992 0.1456 0.0035 0.0147
2024 1.0000 0.0000 1.0000 0.0977 0.1979 0.0035 0.0147
Notes:

Source: HdL Coren & Cone, Riverside County Assessor 2013/14-2022/23 Tax Rate Table City Direct Rates Overlapping Rates 2
1) The City's basic property tax rate may only be increased by a majority vote of the City's residents. Rates for debt service are set based on each year's requirements.
2) Overlapping rates are those of local and county governments that apply to property owners within the City of Corona. Not all overlapping rates apply to all Corona property owners.

City of Corona
Schedule 6c
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years (rate per $100 of assessed value) 199 Page 1935 of 2748
Percent of Percent of
Water Customer
Water
Charges Rank
Total Water
Revenues
Water
Charges Rank
Total Water
Revenues
City of Corona $ 3,602,698 1 6.22% 3,449,371 $ 1 6.79%
Corona-Norco USD 941,968 2 1.63% 914,095 2 1.80%
CLI Atlas LLC 540,719 3 0.93%
Raintree Corona Pointe, LLC. 359,954 4 0.62%
Eagle Glen Master HOA 309,544 5 0.53% 223,140 3 0.44%
City of Corona WRF 3 233,809 6 0.40%
MM Meadowood Holdings, LLC 157,282 7 0.27%
Breit MF Promenade Terrace LLC 147,260 8 0.25%
JSP Sierra Del Oro I LLC 144,748 9 0.25%
Inl Via Pacifica 2015, LLC 143,070 10 0.25%
Waterstone at Corona Pointe 189,379 4 0.37%
Aseptic Solutions 186,247 5 0.37%
EBB Creek Apartments, LLC 182,679 6 0.36%
EWR, Inc 177,658 7 0.35%
Eagle Glen Country Club, LLC 168,509 8 0.33%
Integrated Protein Tech 156,585 9 0.31%
ERP Operating Limited Partnership 149,446 10 0.29%
$ 6,581,052 11.35% 5,797,109 $ 11.41%
Source: Corona Department of Water and Power
2024 2015
City of Corona
Schedule 7a
Principal Water Customers
Current Year and Nine Years Ago
200 Page 1936 of 2748
Percentage of Percentage of
Total City Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value Rank Value Value Rank Value
SCG Atlas Ashton LLC $ 305,052,569 1 1.14%
Raintree Corona Pointe LLC 230,383,142 2 0.86%
TAI OW Monterey Owner LLC 224,399,999 3 0.84%
Castle and Cooke Corona Inc. 205,033,694 4 0.76% 134,693,409 3 0.78% NH Sherborn Street Industrial Property 207,158,000 5 0.77% Rexco 147,798,515 6 0.55% 113,208,309 4 0.65%
UHS Corona Inc 118,953,656 7 0.44% 48751316 10 0.28%
Breit MF Promenade Terrace LLC 106,342,931 8 0.40%
Artisan Corona Apartments LLC 105,135,437 9 0.39%
Corona North Retail Development 101,798,190 10 0.38%
Kaiser Foundation Health Plan Inc 200,868,646 1 1.16%
Watson Laboratories Inc 185,420,949 2 1.07%
Waterstone Apartments NF 91,549,073 5 0.53%
Costco Wholesale Corporation 84,650,529 6 0.49%
Dart Container Corporation of Calif 70,486,242 7 0.41%
Artisan At Main Street Metro 63,059,997 8 0.36%
Dos Lagos CRN 48,881,236 9 0.28%
Total $ 1,752,056,133 6.53% $ 1,041,569,706 6.01%
Source: HdL Coren & Cone, Riverside County Assessor 2022/23 & 2013/14 Combined Tax Rolls and the SBE Non Unitary Tax Roll 2024 2015
City of Corona
Schedule 7b
Principal Property Tax Payers
Current Year and Nine Years Ago
201 Page 1937 of 2748
202

Page 1938 of 2748 ends

Fiscal Year Taxes Levied Delinquent
Ended for the Percentage Tax Percentage
June 30, Fiscal Year1 Amount of Levy Collections2 Amount of Levy 2015 24,628,905 23,778,058 96.55% 695,420 24,473,478 99.37% 2016 25,563,557 24,694,504 96.60% 585,598 25,280,102 98.89% 2017 26,689,890 26,019,467 97.49% 528,723 26,548,190 99.47% 2018 28,136,170 27,463,023 97.61% 514,039 27,977,062 99.43% 2019 29,448,060 28,882,342 98.08% 411,473 29,293,815 99.48% 2020 31,140,439 30,216,472 97.03% 394,599 30,611,071 98.30% 2021 31,992,547 30,787,935 96.23% 830,154 31,618,089 98.83% 2022 33,590,104 32,634,424 97.15% 645,671 33,280,095 99.08% 2023 36,211,973 34,785,725 96.06% 463,010 35,248,735 97.34% 2024 38,201,781 36,374,997 95.22% 676,856 37,051,853 96.99% Notes:
1) Amounts exclude debt service levies and former Redevelopment property tax increment. 2) Amounts excluded interest and penalties.

Source: Corona Finance Department, Riverside County Auditor-Controller's Office Collected within the
Fiscal Year of the Levy Total Collections to Date
City of Corona
Schedule 8
Property Tax Levies and Collections
Last Ten Fiscal Years
203 Page 1939 of 2748
General Pension Lease Unamortized Refunding SBITA Special Fiscal Obligation Obligation Revenue Bond Lease Lease Agreement Assessment Year Bonds Bonds Bonds Premium Payable Payable Payable Bonds 2015 - - 29,145 - - 20,955 - 185
2016 - - 27,975 - - 19,510 - -
2017 - - 24,520 2,826 - 18,016 - -
2018 - - 23,335 2,677 1,047 16,472 - -
2019 - - 22,115 2,528 1,062 14,875 - -
2020 - - 20,860 2,379 905 13,225 - -
2021 - - 19,560 2,231 748 11,518 - -
2022 - 221,944 18,205 2,082 545 9,755 - -
2023 - 207,895 16,790 1,933 386 7,931 3,654 -
2024 - 192,647 15,315 1,785 379 6,046 2,219 -
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statement.

Source: Corona Finance Department
Governmental Activities
City of Corona
Schedule 9
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years (dollars in thousands, except per capita) 204 Page 1940 of 2748
Percent
Installment Pension Term Certificates Unamortized Total of Agreement Obligation Loan of Revenue Bond Lease Contracts Primary Personal Per Payable Bonds Payable Participation Bonds Premium Payable Payable Government Income Capita 9,766 - 19,142 23,785 54,067 - - 690 157,735 3.8% 991$
9,221 - 26,111 - 50,294 - - 690 133,801 3.1% 813$
8,656 - 26,729 - 44,710 1,701 - 690 127,848 2.9% 762$
8,072 - 24,927 - 41,380 1,594 - 690 120,194 2.6% 713$
7,467 - 23,052 - 37,935 1,486 24 690 111,234 2.3% 662$
7,091 - 21,131 - 35,860 1,379 17 690 103,537 2.0% 615$
6,704 - 19,163 - 33,715 1,271 11 690 95,611 1.8% 564$
6,305 37,538 17,147 - 31,480 1,164 3 690 346,858 6.4% 2,212$ 5,894 35,285 15,082 - 27,635 2,281 - - 324,766 5.9% 2,069$ 5,471 32,685 12,967 - 25,125 2,032 - - 296,671 4.9% 1,894$ Business-Type Activities
City of Corona
Schedule 9
Ratios of Outstanding Debt by Type (Continued)
Last Ten Fiscal Years (dollars in thousands, except per capita) 205 Page 1941 of 2748
206

Page 1942 of 2748 ends

Less Net
Total Position Net Percentage
Pension Special Unamortized Lease General Restricted General of Actual Fiscal Obligation Assessment Lease Bond Revenue Bonded for Debt Bonded Value of Per Year Bonds Bonds Payable Premium Bonds Debt Repayment Debt Property1 Capita2 2015 - 185 20,955 - 29,145 50,285 2,653 47,632 0.28% 299 2016 - - 19,510 - 27,975 47,485 2,417 45,068 0.25% 274
2017 - - 18,016 2,826 24,520 45,362 3,439 41,923 0.21% 250 2018 - - 16,472 2,677 23,335 42,484 5,100 37,384 0.18% 222 2019 - - 14,875 2,528 22,115 39,518 6,491 33,027 0.15% 196 2020 - - 13,225 2,379 20,860 36,464 8,628 27,836 0.12% 165 2021 - - 11,518 2,231 19,560 33,309 6 33,303 0.14% 197
2022 221,944 - 9,755 2,082 18,205 251,986 - 251,986 0.96% 1,607 2023 207,895 - 7,931 1,933 16,790 234,549 - 234,549 0.84% 1,494 2024 192,647 - 6,046 1,785 15,315 215,793 - 215,793 0.77% 1,378 Note: 1) See Schedule 5b for property value data.
2) Population data can be found in Schedule 14.

Details regarding the City's outstanding debt can be found in the notes to the financial statement.

Source: Corona Finance Department
City of Corona
Schedule 10
Ratios of Net General Bonded Debt Outstanding
Last Ten Fiscal Years (dollars in thousands, except per capita) 207 Page 1943 of 2748
Debt Est. Percentage City's Share of
Direct and Overlapping Tax and Assessment Debt: Outstanding Applicable 2 Overlapping Debt Metropolitan Water District 18,210 $ 0.725% 132 $
Riverside City Community College District 282,851 18.315% 51,804 Alvord Unified School District 259,600 11.750% 30,503
Corona-Norco Unified School District 477,879 53.621% 256,243 Alvord Unified School District CFD No. 2006-1 5,630 19.194% 1,081 Corona-Norco Unified School District CFD No. 97-1 483 100.000% 483 Corona-Norco Unified School District CFD No. 99-1 1,392 100.000% 1,392 Corona-Norco Unified School District CFD No. 99-2, Imp Areas A, B, C 3,362 100.000% 3,362 Corona-Norco Unified School District CFD No. 00-1 1,280 100.000% 1,280 Corona-Norco Unified School District CFD No. 01-1, Imp Areas A & B 4,790 100.000% 4,790 Corona-Norco Unified School District CFD No. 01-2, Imp Areas A, B, C 8,745 100.000% 8,745 Corona-Norco Unified School District CFD No. 03-3, Imp Area A & B 2,760 100.000% 2,760 Corona-Norco Unified School District CFD No. 03-5 1,410 100.000% 1,410 Corona-Norco Unified School District CFD No. 04-2, Imp Areas 1 & 3 2,930 100.000% 2,930 Corona-Norco Unified School District CFD No. 17-1 3,305 100.000% 3,305 City of Corona CFD No. 97-2 - 100.000% -
City of Corona CFD No. 2000-1 2,795 100.000% 2,795
City of Corona CFD No. 2001-2 1,495 100.000% 1,495
City of Corona CFD No. 2002-1 9,530 100.000% 9,530
City of Corona CFD No. 2002-1, Imp Area 1 5,355 100.000% 5,355 City of Corona CFD No. 2002-4 4,890 100.000% 4,890
City of Corona CFD No. 2003-2 3,835 100.000% 3,835
City of Corona CFD No. 2004-1 1,950 100.000% 1,950
City of Corona CFD No. 2016-2 4,900 100.000% 4,900
City of Corona CFD No. 2017-2 3,370 100.000% 3,370
City of Corona CFD No. 2018-1 Improvement Area 1, 2018 Series 8,805 100.000% 8,805 City of Corona CFD No. 2018-1 Improvement Area 1, 2020 Series 10,155 100.000% 10,155 City of Corona CFD No. 2018-2 14,965 100.000% 14,965
California Statewide Communities Development Authority Assessment District No. 2002-1 2 100.000% 1,344 1,344 City of Corona 1915 Act Bonds 120 100.000% 120
Total Overlapping Tax and Assessment Debt 443,729
Direct and Overlapping General Fund Debt:

Overlapping General Fund Obligations
Riverside County General Fund Obligations 652,187 $ 7.068% 46,097 $ Riverside County Pension Obligations Bonds 670,785 7.068% 47,411 Riverside County Community College District Certificates of Participation 24,550 18.315% 4,496 Corona-Norco Unified School District General Fund Obligations 17,115 53.621% 9,177 Western Municipal Water District General Fund Obligations 2,724 22.142% 603 Total Overlapping General Fund Obligations $ 107,784
Direct General Fund Obligations:

City of Corona General Fund Obligations 21,361 $ 21,361 $ City of Corona Pension Obligation Bonds 192,647 192,647 Unamortized Bond Premium 1,785 1,785
ROU Lease Payable 379 379
SBITA Payable 2,219 2,219
Total Direct General Fund Obligations 100.000% 218,391 $ Total Direct and Overlapping General Fund Obligations $ 326,175 Less: Riverside County Supported Obligations -
Total Net Direct and Overlapping General Fund Obligations 326,175 $ Total Direct Debt $ 218,391
Total Gross Overlapping Debt $ 551,513
Total Net Overlapping Debt $ 551,513
Gross Combined Total Direct and Overlapping Debt3 $ 769,904 Net Combined Total Direct and Overlapping Debt $ 769,904 City of Corona
Schedule 11
Direct and Overlapping Governmental Activities Debt
1 As of June 30, 2024 (dollars in thousands)
208 Page 1944 of 2748
1)
2)
3)
Source: Corona Finance Department, California Municipal Statistics, Inc.

Notes to Schedule 11
Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. The schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of Corona. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for the repaying the debt, of each overlapping government.

The percentage of overlapping debt applicable to the City is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value, except for community facilities district overlapping debt which was estimated by determining the special tax charged on property within the City, divided by the community facilities district’s total special tax for the fiscal year.

Amount excluded tax and revenue anticipation notes, enterprise revenue bonds, mortgage revenue bonds, and Successor Agency's tax allocation bonds.

City of Corona
Schedule 11
Direct and Overlapping Governmental Activities Debt
1 (Continued)
As of June 30, 2024 (dollars in thousands)
209 Page 1945 of 2748
Legal Debt Margin Calculation for Fiscal Year 2023
Assessed Value $ 28,054,309
Debt Limit (15% of assessed value) 4,208,146
Debt Applicable to limit:

General obligation debt 215,793
Less: Amount set aside for repayment of general obligation debt - Total net debt applicable to limit 215,793
Legal Debt Margin $ 3,992,353
2015 2016 2017 2018 2019
Debt Limit $ 2,707,398 2,594,890 $ 2,819,397 $ 2,986,885 $ 3,145,686 $ Total net debt
applicable to limit 50,100 47,485 42,536 43,531 40,580
Legal debt margin $ 2,659,913 2,544,790 $ 2,776,861 $ 2,943,354 $ 3,105,106 $ Total debt applicable
to the limit as a percentage
of debt limit 1.931% 1.754% 1.509% 1.457% 1.290%
Note: Under State Finance Law, the City's outstanding general obligation debt should not exceed 15 percent of total assessed property value.

By law, the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds.

Source: Corona Finance Department
City of Corona
Schedule 12
Legal Debt Margin Information
Last Ten Fiscal Years (dollars in thousands)
Fiscal Year
210 Page 1946 of 2748
2020 2021 2022 2023 2024
Debt Limit $ 3,462,545 3,279,207 $ 3,606,534 $ 3,938,235 $ 4,208,146 $ Total net debt
applicable to limit 37,369 33,309 251,986 234,549 215,793 Legal debt margin $ 3,429,236 3,241,838 $ 3,354,548 $ 3,703,686 $ 3,992,353 $ Total debt applicable
to the limit as a percentage
of debt limit 1.140% 0.962% 6.987% 5.956% 5.128%
City of Corona
Fiscal Year
Schedule 12
Legal Debt Margin Information (Continued)
Last Ten Fiscal Years (dollars in thousands)
211 Page 1947 of 2748
Current Special Current
Fiscal Lease Account Assessment Account
Year Payments Balance Principal Interest Coverage Collections Balance Principal Interest Coverage 2015 3,373 19 2,105 1,281 1.00 192 1 170 22 1.01
2016 2,353 19 1,170 1,216 0.99 192 0 185 7 1.00
2017 30,614 2 9 27,975 1,367 1.04 - - - - -
2018 2,117 1 1,185 931 1.00 - - - - -
2019 2,121 - 1,220 901 1.00 - - - - -
2020 2,112 - 1,255 857 1.00 - - - - -
2021 2,106 - 1,300 806 1.00 - - - - -
2022 2,108 - 1,355 753 1.00 - - - - -
2023 2,113 - 1,415 698 1.00 - - - - -
2024 2,115 - 1,475 640 1.00 - - - - -
Notes: 1 Includes the advanced redemption of 2005 COPs. 2 Includes the defeasance of 2006 Lease Revenue bonds.
3 Apply new method - Utility Revenues derived from Pledged Revenue note.

Details regarding the City's outstanding debt can be found in the notes to the financial statements.

Source: Corona Finance Department
Lease Revenue Bonds Special Assessment Bonds
Debt Service Debt Service
City of Corona
Schedule 13
Pledged Revenue Coverage
Last Ten Fiscal Years (dollars in thousands)
212 Page 1948 of 2748
Current
Fiscal Utility Lease Account
Year Revenues Principal Interest Coverage Payments Balance Principal Interest Coverage 2015 5,689 3,455 2,234 1.00 1,063 756 695 1,123 1.00
2016 5,809 3,655 2,144 1.00 24,341 1 0 23,785 555 1.00
2017 5,809 3,775 2,034 1.00 - - - - -
2018 28,093 5,166 2,537 3.65 3 - - - - -
2019 36,011 5,320 2,370 4.68 - - - - -
2020 26,851 3,996 2,222 4.32 - - - - -
2021 30,756 4,113 2,032 5.01 - - - - -
2022 28,516 4,251 1,962 4.59 - - - - -
2023 48,014 2,432 1,840 11.24 - - - - -
2024 23,996 4,625 1,350 4.02 - - - - -
Revenue Bonds Certificates of Participation
Debt Service Debt Service
Last Ten Fiscal Years (dollars in thousands)
Pledged Revenue Coverage (Continued)
City of Corona
Schedule 13
213 Page 1949 of 2748
214

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(1) (1) (1) (1) (2) (1)
Per
Personal Capita
Income Personal Median School Unemployment
Year Population (In Thousands) Income Age Enrollment Rate 2014 159,109 4,164,996 26,177 32.6 53,739 6.4%
2015 164,659 4,340,504 26,360 33.4 53,354 5.2%
2016 167,759 4,420,877 26,352 33.9 53,157 4.7%
2017 168,574 4,554,614 27,018 34.4 53,294 3.5%
2018 168,101 4,803,427 28,574 34.7 53,002 3.3%
2019 168,248 5,138,227 30,539 34.9 52,557 3.1%
2020 169,454 5,437,772 32,089 35.0 51,318 8.2%
2021 156,778 5,471,176 34,897 34.8 50,889 5.8%
2022 157,005 5,485,396 34,937 35.3 50,790 3.2%
2023 156,615 6,072,985 38,776 35.9 50,256 3.8%
Sources: (1) HdL, Coren & Cone;
(2) California Department of Education -
Corona-Norco Unified School District School Enrollment.

City of Corona
Schedule 14
Demographic and Economic Statistics
Last Ten Calendar Years
215 Page 1951 of 2748

Percentage Percentage
of Total City of Total City
Employer Employees Rank Employment Employees Rank Employment Corona-Norco Unified School District 5,478 1 6.43% 4,932 1 6.25% Corona Regional Medical Center 1,265 2 1.48% 1,082 2 1.37% Monster Energy 1,075 3 1.26% 500 8 0.63%
City of Corona 961 4 1.13% 785 4 0.99%
Fender USA Corona 955 5 1.12% 625 5 0.79%
TWR Framing Enterprises 800 6 0.94% 600 6 0.76%
All American Asphalt 755 7 0.89% 596 7 0.76%
Veg Fresh Farms 527 8 0.62%
Thermal Structures 392 9 0.46%
Kaiser Permanente 286 10 0.34% 995 3 1.26%
Dart Container Corporation 9 0.53% 420
CoreMark International 10 0.47% 372
Total 12,494 14.67% 10,907 13.81%
Source: Corona Economic Development Department
2024 2015
City of Corona
Schedule 15
Principal Employers
Current Year and Nine Years Ago
216 Page 1952 of 2748
2024 2023 2022 2021 2020 2019 2018** 2017 2016* 2015*
Function/Program
General Government
Elected Officials 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 City Manager's Office10 23.05 22.55 19.55 14.07 13.33 14.07 9.90 10.35 9.73 9.73 Legal & Risk Management
1 8.47 7.72 6.72 6.72 6.34 6.19 6.52 7.67 6.67 6.01
Administrative Services 2,7,8 31.74 40.92 38.56 42.23 42.56 34.30

16.00 16.00 14.00 11.48 9.39
Information Technology 33.55 32.55 29.03 25.03 24.47 23.99 17.25 13.89 15.09 12.41 Finance2 35.86 35.86 33.82 31.93
Police
Officers 165.00 164.30 163.30 158.00 153.00 149.00 162.00 162.00 162.00 159.00 Civilians 111.65 104.65 100.93 86.70 83.25 80.40 88.01 88.39 85.90 79.13 Fire
Firefighters and officers 120.44 120.44 114.96 111.48 108.00 107.00 113.00 113.00 112.00 112.00 Civilians 11.80 9.84 7.24 5.32 7.76 7.75 8.20 4.88 6.48 7.18 Public Works3, 13 68.19 66.19 58.34 35.75 35.75 35.75 35.75 29.05 29.75 31.57 Maintenance Services3, 11 34.15 42.11 42.11 42.76 43.63 45.00 44.53 Community Development
4 23.89 22.14 22.14 25.00 26.48 26.00 22.08
Planning and Development Development
12 60.86 60.86 53.06
Economic Development
5 6.00 6.00 6.00 4.00 2.00 2.00 3.00 3.00 2.00 1.00
Library and Recreation Services
6 72.99 72.74 69.06 70.67 68.04 63.50
Community Services Department
9 121.08 115.47 111.65 86.36
Utilities Department6 120.65 115.65 112.21 111.60 109.60 110.02 108.91 119.18 119.68 120.79 Transit Services14 2.00 2.00 2.00 2.00 2.00 2.00 1.00
Total 908.60 884.08 836.81 754.48 729.87 722.08 735.92 742.42 738.90 710.23 *
Data for Fiscal Year 2016 and prior was restated to Full Time Equivalents (FTE) from full-time positions. ** Data for Fiscal Year 2018 was updated to FTE Authorized information.

Note: 1 Formerly City Attorney's Office. During Fiscal Year 2014-15, Risk Management Division merged into the City Attorney's Office and formed Legal & Risk Management Department. 2 Formerly Finance Department. During Fiscal Year 2014-15, Human Resources Department merged into Finance and formed Administrative Services Department. 4 Building Department merged into Community Development Department during Fiscal Year 2008-09. 3 Public Works, and a new department, Maintenance Services was established to assume these functions. 4 During Fiscal Year 2014-15, Housing Division was merged into Community Development Department. 5 Formerly Housing and Economic Development, during Fiscal Year 2014-15, the Housing component was merged into Community Development Department. 6 Formerly Department of Water and Power 7 Redevelopment Department was dissolved in Fiscal Year 2011-12. 7 Human Resources Department separated from Administrative Services Department in Fiscal Year 2019-20. 8 Formerly Administrative Services Department. 9 Formerly Library and Recreation Services Department. 10 Formerly Management Services Department 11 various functions moved to Public Works. 12 Community Development was restructured in Fiscal Year 2021-22 and renamed Planning and Development. 13 Planning and Development. 14 Transit Services restructured during Fiscal Year 2021-22, and transferred to Community Services department.

Source: Corona Finance Department
Human Resources 2,7
Public Works Department was reorganized during Fiscal Year 2013-14, various maintenance functions were removed from Full-time Equivalent Employees
Public Works Department was restructured during Fiscal Year 2021-22, various functions moved to Community Services and Maintenance Services Department was restructured during Fiscal Year 2021-22 and is no longer overseen by the Utilities department, City of Corona
Schedule 16
Full-time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years
217 Page 1953 of 2748
Function/Program 2024 2023 2022 2021 2020
Police
Physical Arrests 2,818 3,038 2,941 2,345 2,282
Parking Violations 6,981 5,104 5,224 2,731 9,574
Traffic Violations 11,100 10,815 8,148 6,051 4,718
Fire
Emergency Responses 15,967 16,041 15,359 14,422 13,810
Fires Extinguished 402 418 472 524 451
Inspections 1,730 1,350 1,396 979 1,652
Public Works/Maintenance Services
Street Resurfacing (miles) 94 66 66 44 75
Street Lights Repaired 561 465 714 415 437
Potholes Filled (sq. ft) 19,889 31,474 38,930 20,204 46,850 Community Services - Recreation
Sportsfields Participation 657,209 539,450 568,496 404,679 370,799 Comm. Centers/Gym/Pool 35,245 29,069 31,832 28,393 111,007 Other Activity Participation 365,883 365,589 330,737 222,473 226,205 Community Services - Library
Volumes in Collection 206,357 209,144 209,357 210,747 183,794 Total Volumes Borrowed 1 397,511 5 336,749 5 280,958 182,733 284,375 Water
New Connections 374 146 309 634 389
Water Main Repairs 92 46 45 95 86
Average Daily Consumption
(millions of gallons) 24.9 24.7 32.1 33.2 31.2
Sewer
Average Daily Sewage Treatment
(millions of gallons) 11.7 12.2 12.6 12.8 12.6
Transit Services
Total Route Miles (round-trip) 47.7 47.7 47.7 47.7 47.7 Passengers
Fixed Route 139,080 120,272 95,892 76,645 100,186
Dial-A-Ride 47,186 38,141 22,673 13,386 39,989
1 Total Volumes Borrowed were restated for years between 2011 and 2016 to exclude the number of visits to Corona Library's website. 2 Reporting method changed - report by actual enrollment/attendance numbers. 4 Reduction in Total Volumes Borrowed was due to the elimination of 11 databases during the fiscal year. 5 Total Volumes Borrowed increased due to being fine free and providing automatic renewals.

Source: Various Departments.

Fiscal Year
3 Total Volume Borrowed was overstated by 309,505 in Fiscal Year 16/17. The correction was updated for Fiscal Year 16/17 in Fiscal Year 17/18.

City of Corona
Schedule 17
Operating Indicators by Function/Program
Last Ten Fiscal Years
218 Page 1954 of 2748
Function/Program 2019 2018 2017 2016 1 2015 1
Police
Physical Arrests 2,992 2,895 3,403 5,583 5,337
Parking Violations 8,851 6,228 4,993 3,974 4,098
Traffic Violations 6,133 9,024 11,896 12,132 11,133
Fire
Emergency Responses 13,141 13,041 12,981 12,112 11,263
Fires Extinguished 362 435 382 381 346
Inspections 1,092 2,726 1,934 1,966 1,757
Public Works/Maintenance Services
Street Resurfacing (miles) 37 51 39 41 72
Street Lights Repaired 418 495 1,045 1,342 846
Potholes Filled (sq. ft) 22,332 35,700 75,000 15,076 15,978 Community Services - Recreation
Sportsfields Participation 269,168 248,617 2 2,190,246 1,760,600 1,898,300 Comm. Centers/Gym/Pool 169,888 249,885 282,797 211,410 189,519 Other Activity Participation 135,399 171,679 226,294 244,430 232,264 Community Services - Library
Volumes in Collection 165,760 168,148 167,586 164,421 167,432 Total Volumes Borrowed 1 411,592 4 783,626 648,522 3 927,956 1,073,736 Water
New Connections 511 391 166 1,408 173
Water Main Repairs 72 36 69 78 84
Average Daily Consumption
(millions of gallons) 30.2 33.0 30.4 28.4 32.6
Sewer
Average Daily Sewage Treatment
(millions of gallons) 14.275 13.8 14.3 14.0 13.1
Transit Services
Total Route Miles (round-trip) 47.7 47.5 47.5 47.5 39.0 Passengers
Fixed Route 118,366 129,972 132,469 150,002 168,303
Dial-A-Ride 52,580 58,089 65,580 63,162 66,015
Fiscal Year
City of Corona
Schedule 17
Operating Indicators by Function/Program (Continued)
Last Ten Fiscal Years
219 Page 1955 of 2748
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Function/Program
Police
Stations 1 1 1 1 1 1 1 1 11
Zone Offices 2 2 2 2 2 2 2 2 22
Patrol Units 77 67 71 65 62 68 65 55 59 59
Fire Stations 7 7 7 7 7 7 7 7 77
Streets
Streets and Alleys (miles) 464 464 464 463 444 408 408 406 403 404 Streetlights 1 14,976 14,976 14,976 15,117 15,117 12,380 12,380 12,587 12,059 12,022 Traffic Signals 191 191 191 191 190 188 184 182 179 173 Community Services - Recreation
Total Park Acreage 389 389 378 378 376 376 376 376 376 376 Playgrounds 27 27 27 27 27 27 27 27 27 27
Baseball/softball diamonds 36 36 36 36 36 36 36 36 36 36 Soccer/football fields 18 18 18 18 18 18 18 18 18 18
Community Centers 7 7 7 7 7 7 7 7 77
Civic Center Auditorium Seating Cap 380 380 380 380 380 380 380 380 380 380 Fiesta Bandshell Seating Capacity 500 500 500 500 500 500 500 500 500 500 Water
Water Main (miles) 734 734 736 736 736 719 697 687 683 694 Fire Hydrants 9,660 9,648 9,760 9,760 10,062 9,548 9,300 9,222 9,197 9,174 Storage Capacity 2
(millions of gallons) 55 55 55 55 52 52 52 51 51 51
Sewer
Sanitary Sewers (miles) 458 458 464 464 464 458 440 435 434 452 Storm Sewers (miles) 181 181 225 225 223 171 171 167 167 172 Treatment Capacity 16 16 16 16 16 16 16 16 16 16
(millions of gallons)
Transit Services
Minibuses
Fixed Route 7 7 7 7 7 7 7 7 76
Dial-A-Ride 13 13 13 13 13 13 11 11 13 11
Source: Various City departments.

Note: 1 Includes only City-owned street lights.
2 Potable & reclaimed water storage capacity.

Fiscal Year
City of Corona
Schedule 18
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
220 Page 1956 of 2748
The Trip Reduction
Special Revenue Fund
of the City of Corona
Corona, California
Financial Statements
and Independent Auditors’ Reports
For the Year Ended June 30, 2024

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The Trip Reduction Special Revenue Fund of the City of Corona For the Year Ended June 30, 2024
Table of Contents
Page
Independent Auditors’ Reports:

Report on the Audit of the Financial Statements ............................................................................................... 1 Report on Internal Control Over Financial Reporting and Report on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ................................................................. 5 Report on Compliance for Trip Reduction Special Revenue Fund; and Report on Internal Control Over Compliance ................................................................... 7 Financial Statements:

Balance Sheet ........................................................................................................................................................ 13 Statement of Revenues, Expenditures, and Change in Fund Balance ................................................................... 14 Notes to the Basic Financial Statements ............................................................................................................... 15 Required Supplementary Information (Unaudited):

Budgetary Comparison Schedule .......................................................................................................................... 19 Notes to the Budgetary Comparison Schedule ...................................................................................................... 20

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200 E. Sandpointe Avenue, Suite 600
Santa Ana, California 92707
INDEPENDENT AUDITORS’ REPORT
To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying financial statements of the Trip Reduction Special Revenue Fund of the City of Corona, California (the “City”) as of and for the year ended June 30, 2024, and the related notes to the financial statements, as listed in the table of contents.

In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of the Trip Reduction Special Revenue Fund of the City as of June 30, 2024, and the change in its financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (“GAAS”) and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (“Government Auditing Standards”). Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of Matter
As discussed in Note 1, the financial statements present only the Trip Reduction Special Revenue Fund and do not purport to, and do not, present fairly the financial position of the City as of June 30, 2024, the changes in its financial position, or, where applicable, its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Page 1961 of 2748 ends

To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California

Page 2 ends

2 Auditors’ Responsibility for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion.

Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and Government Auditing Standards, we:
 exercise professional judgment and maintain professional skepticism throughout the audit.  identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.  evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Budgetary Comparison Schedule be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the financial statements, and other knowledge we obtained during our audit of the financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Management has omitted the Management’s Discussion and Analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinion on the basic financial statements is not affected by this missing information.

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To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California

Page 3 ends

3 Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated November 25, 2024, on our consideration of the City’s internal control financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over the Trip Reduction Special Revenue Fund’s financial reporting and compliance.

Santa Ana, California
November 25, 2024

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4 This page intentionally left blank.

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200 E. Sandpointe Avenue, Suite 600
Santa Ana, California 92707

REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND

OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN

ACCORDANCE GOVERNMENT AUDITING STANDARDS
Independent Auditors’ Report
To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (“Government Auditing Standards”), the financial statements of the Trip Reduction Special Revenue Fund of the City of Corona, California (the “City”), as of and for the year ended June 30, 2024, and the related notes to the financial statements, and have issued our report thereon dated November 25, 2024.

Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over the Trip Reduction Special Revenue Fund’s financial reporting (“internal control”) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of City’s internal control.

Accordingly, we do not express an opinion on the effectiveness of City’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.

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To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California

Page 2 ends

6 Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Trip Reduction Special Revenue Fund's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of This Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Santa Ana, California
November 25, 2024

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200 E. Sandpointe Avenue, Suite 600
Santa Ana, California 92707
REPORT ON COMPLIANCE FOR TRIP REDUCTION SPECIAL REVENUE FUND;

AND REPORT ON INTERNAL CONTROL OVER COMPLIANCE
Independent Auditors’ Report
To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California
Report on Compliance for the Trip Reduction Special Revenue Fund Opinion on Compliance
We have audited the City of Corona, California’s (the “City”) compliance with the type of compliance requirements described in the Assembly Bill 2766, Chapter 1705 (44220 through 44247) (“AB 2766”) for the year ended June 30, 2024.

In our opinion, the City complied, in all material respects, with the compliance requirements referred to above that are applicable to Trip Reduction Special Revenue Fund for the year ended June 30, 2024.

Basis for Opinion
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (“GAAS”); the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (“Government Auditing Standards”); and AB 2766. Our responsibilities under those standards and AB 2766 are further described in the Auditors’ Responsibilities for the Audit of Compliance section of our report.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Our audit does not provide a legal determination of the City's compliance with the compliance requirements referred to above.

Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the City's AB 2766 programs.

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To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California

Page 2 ends

8 Auditors’ Responsibilities for the Audit of Compliance Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City's compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and AB 2766 will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City's compliance with the requirements of the government program as a whole.

In performing an audit in accordance with GAAS, Government Auditing Standards, and the AB 2766, we:
 exercise professional judgment and maintain professional skepticism throughout the audit.  identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the City's compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.  obtain an understanding of the City's internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with AB 2766, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control over compliance. Accordingly, no such opinion is expressed.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.

Report on Internal Control Over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a compliance requirement will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

Our consideration of internal control over compliance was for the limited purpose described in the Auditors’ Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.

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To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California

Page 3 ends

9 Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of AB 2766. Accordingly, this report is not suitable for any other purpose.

Santa Ana, California
November 25, 2024

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Page 1970 of 2748 ends

FINANCIAL STATEMENTS
11 Page 1971 of 2748
12 Page 1972 of 2748
ASSETS
Cash and investments $ 1,920,223
Due from South Coast Air Quality Management District 55,000 Interest receivables 9,130
Total assets $ 1,984,353

LIABILITIES AND FUND BALANCE
Liabilities:

Accounts payable and accrued liabilities 705
Total liabilities $ 705
Fund Balance:

Restricted for trip reduction program 1,983,648
Total fund balance 1,983,648
Total liabilities and fund balance $ 1,984,353
The Trip Reduction Special Revenue Fund of the City of Corona Balance Sheet
June 30, 2024
See accompanying notes to the financial statements.
13 Page 1973 of 2748
Revenues:

Assembly Bill 2766 revenues $ 213,368
Investment earnings 72,558
Total revenues 285,926
Expenditures:

Current:

Trip reduction program 29,760
Total expenditures 29,760
Net change in fund balance 256,166
Fund Balance:

Beginning of year 1,727,482
End of year $ 1,983,648
The Trip Reduction Special Revenue Fund of the City of Corona Statements of Revenues, Expenditures, and Change in Fund Balance For the Year Ended June 30, 2024
See accompanying notes to the financial statements.
14 Page 1974 of 2748
The Trip Reduction Special Revenue Fund of the City of Corona Notes to the Financial Statements
For the Year Ended June 30, 2024
15 Note 1 – Financial Reporting Entity and Summary of Significant Accounting Policies A. Financial Reporting Entity
The Trip Reduction Special Revenue Fund (the “Fund”) of the City of Corona, California (the “City”) was formed in 1993 to account for allocation made by Assembly Bill 2766 (“AB 2766”), known as the Clean Air Act.

The financial statements of the Fund are intended to present the financial position and changes in financial position of only those transactions attributable to the Fund that is operated by the City. The City performs all administrative and accounting functions. The financial statements of the Fund are included in the basic financial statements of the City.

The financial statements of the Fund have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) as applied to governmental agencies. The Governmental Accounting Standards Board (the “GASB”) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The financial statements were prepared from only the accounts of the Fund. Accordingly, the financial statements do not purport to, and do not, present fairly the financial position of the City and changes in financial position thereof.

B. Fund Accounting
The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity with a self-balancing set of accounts. Monies received under AB 2766 are recorded in the Fund. AB 2766 authorizes the South Coast Air Quality Management District (“SCAQMD”) to impose an annual vehicle registration fee and to distribute a portion of the collected revenues to all local jurisdictions within the South Coast Air Basin. These revenues are to be used solely to reduce air pollution from motor vehicles by implementing new programs and studies necessary for the implementation of the California Clean Air Act.

The Fund is presented as a Special Revenue Fund.

C. Financial Statements Presentation, Basis of Accounting and Measurement Focus The fund financial statements include a Balance Sheet and a Statement of Revenues, Expenditures and Change in Fund Balance. Special Revenue Fund is accounted for on a spending or “current financial resources” measurement focus and modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recorded when susceptible to accrual; that is, when they become both measurable and available to finance expenditures in the fiscal period. “Available” means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For the Fund, revenues and other governmental fund financial resources are recognized if measurable and collectible generally within 60 days following the end of the fiscal year. Expenditures are recognized in the accounting period in which the fund liability is incurred, if measurable.

D. Cash and Investments
The Fund’s cash balance was pooled with various other City funds for deposit and investment purposes.

The share of each fund in the pooled cash account was separately maintained and interest income was apportioned to the participating funds based on the relationship of their average quarter-end cash balances to the total of the pooled cash and investments.

Page 1975 of 2748 ends

The Trip Reduction Special Revenue Fund of the City of Corona Notes to the Financial Statements (Continued)
For the Year Ended June 30, 2024
16 Note 1 – Organization and Summary of Significant Accounting Policies (Continued) E. Fund Balance
In the fund financial statements, the Fund reports the following fund balance classification:

Restricted – This includes amounts that are constrained on the use of resources by either (a) external creditors, grantors, contributors, or laws of regulations of other governments or (b) by law through constitutional provisions or enabling legislation. The Fund’s restricted fund balance is restricted for trip reduction program governed by AB 2766.

F. Use of Estimates
The preparation of the basic financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Note 2 – Cash and Investments
The Fund’s cash and investments consisted of pooled cash with the City of Corona in the amount of $1,920,223 at June 30, 2024.

Cash is pooled with the City and is considered as cash since the Fund is able to withdraw cash at any time without prior notice or penalty. It has general characteristics of demand deposit accounts. Interest income is allocated based on average cash balances. Investment policies and associated risk factors applicable to the Trip Reduction Special Revenue Fund are those of the City and are included in the City’s basic financial statements.

Note 3 – Commitments and Contingencies
The Fund receives monies from the SCAQMD that are subject to review and audit by the SCAQMD. Although such audits could result in disallowed expenditures under terms of the program’s guidelines, the management believed that any repayments resulting from disallowances will not be material.

Page 1976 of 2748 ends

REQUIRED SUPPLEMENTARY INFORMATION
(UNAUDITED)
17 Page 1977 of 2748
18 Page 1978 of 2748
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Revenues:

Assembly Bill 2766 revenues - $ 105,000 $ 213,368 $ 108,368 $ Interest earnings 26,478 39,815 72,558 32,743
Total revenues 144,815 26,478 285,926 141,111
Expenditures:

Current:

Trip reduction program 33,300 103,239 29,760 73,479
Total expenditures 33,300 103,239 29,760 73,479
Net change in fund balance $ (6,822) $ 41,576 256,166 $ 214,590 Fund Balance:

Beginning of year 1,727,482
End of year $ 1,983,648
The Trip Reduction Special Revenue Fund of the City of Corona Required Supplementary Information (Unaudited)
Budgetary Comparison Schedule
For the Year Ended June 30, 2024
Budget Amounts
19 Page 1979 of 2748
The Trip Reduction Special Revenue Fund of the City of Corona Required Supplementary Information (Unaudited)
Notes to the Budgetary Comparison Schedule
For the Year Ended June 30, 2024
Budgetary Information
The City adopts an annual budget on a basis consistent with generally accepted accounting principles in the United States and utilizes an encumbrance system as a management control technique to assist in controlling expenditures and enforcing revenue provisions. 20 Page 1980 of 2748

CALIFORNIA
AB1600 DEVELOPMENT

IMPACT FEES ANNUAL REPORT

Page 1981 of 2748 ends

ANNUAL REPORT OF DEVELOPMENT IMPACT FEES
Fiscal Year Ended June 30, 2024
Section 66006 of the Government Code, also known as AB1600, requires that an annual report be made available to the public within 180 days of the close of the fiscal year.

The City of Corona reports each developer fee in a separate fund and has met the requirements of AB1600 in each of its 15 Development Impact Fee (DIF) funds. In all cases, the City has complied with the time limit for expenditure of fees. No fees have been refunded as a result of non-compliance and there are no refunds pending from any DIF fund.

Below is a list of the ordinances which approved the Master Facilities Plans and Development Impact Fee reports and adopted the existing Development Impact fees. A hardcopy of all ordinances is on file in the City Clerk’s office.

Facilities
Comm. Meeting/Aquatics/Parkland
Ordinance #
2845 & 2846
Adopted
September 6, 2006
Temescal Canyon Comm. Tower 2642 June 4, 2003
Streets/ Signals/ Bridges 2993 June 17, 2009
Library/ Storm Drain/ Law
Enforcement/ Fire 2552 & 2553 October 3, 2001
TC Law Enforcement/ Fire 2993 June 17, 2009
SC Streets/ Landscaping/ Comm.

Facilities Plan 2387 & 2388 May 5, 1999
Water/ Sewer
Fire Wild Land
2353 & 2354
2077
June 3, 1998
October 16, 1991

Page 1982 of 2748 ends

This report was compiled based on the annual financial statements of the City as of June 30, 2024. It provides an opportunity for management and staff to evaluate what is available for the City’s development, to plan what can be accomplished with the resources identified, and to inform the public of future projects. For Fiscal Year 2024, the beginning balance for certain funds were adjusted to show actual fund balance available for future projects.

Questions regarding the data in this report should be directed to the City’s Finance Department at 400 S. Vicentia Avenue, Corona, California 92882, phone (951) 279-3500 or e-mail [email protected] Submitted to City Council on December 04, 2024.

Page 1983 of 2748 ends

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Page 1988 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Library Facilities and Collection Fee $ 85,675.29 $ 22,140.82 $ 4,780.85 $ ‐ $ ‐ $ 91,064.84 $ 69,387.20 $ ‐ $ 43,209.76 $ 21,677.64 Purpose of Fee: A fund created to provide for the expansion of the existing library, equipment, books, and materials.BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
20644610 Administrative Services………………………………………………………………… 1,450.00 1,450.00 -63900206 Library Materials………………………………………………………………………… 67,937.20 82,782.84 14,845.64 86900206 Citywide Facilities Inventory…………………………………………………………. 4,000.00 - 4,000.00 86910206 Citywide Development Impact Fee Review………………………………………… 2,832.00 - 2,832.00 Total Expenditures and Appropriations ‐ Fund 206 $ 91,064.84 $ 69,387.20 $ 21,677.64 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
20644610 Administrative Services………………………………………………………………… - 1,450.00 1,450.00 63900206 Library Materials………………………………………………………………………… - 14,845.64 14,845.64 86900206 Citywide Facilities Inventory…………………………………………………………. 4,000.00 - 4,000.0086910206 Citywide Development Impact Fee Review………………………………………… 2,832.00 - 2,832.00 Total Appropriations ‐ Fund 206 $ 21,677.64 $ 1,450.00 $ 23,127.64 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 1989 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Fire Wild Land Facilities Fee 28,668.25 $ $ 7,838.53 $ ‐ 652.38 $ ‐ $ $ 26,095.33 $ ‐ 11,855.48 $ $ 25,303.68 $ 14,239.85 Purpose of Fee: A fund created to provide for firefighting costs related to areas threatened by wild land fires.

BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
20744610 Administrative Services………………………………………………………………… 946.00 946.00 - 62900207 Fire Equipment Acquisition…………………………………………………………… 10,909.48 25,149.33 14,239.85 Total Expenditures and Appropriations ‐ Fund 207 26,095.33 $ $ 11,855.48 $ 14,239.85 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
20744610 Administrative Services………………………………………………………………… 946.00 - 946.00 62900207 Fire Equipment Acquisition…………………………………………………………... 14,239.85 14,997.00 29,236.85 Total Appropriations ‐ Fund 207 14,239.85 $ $ 15,943.00 $ 30,182.85 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 1990 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Temescal Canyon Law Enforcement Facilities Fee $ 276,985.82 $ 121,775.12 $ ‐ 18,044.43 $ ‐ $ $ 46,832.00 $ ‐ 40,000.00 $ $ 376,805.37 $ 6,832.00 Purpose of Fee: A fund created to provide for police facilities through Residential Developer Fees within the Temescal Canyon area.

BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
78320208 E-Bikes & Pedal bikes…............................................................... 40,000.00 40,000.00 - 86900208 Citywide Facilities Inventory…………………………………………………………... - 4,000.00 4,000.00 86910208 Citywide Development Impact Fee Review…………………………………………… - 2,832.00 2,832.00 Total Expenditures and Appropriations ‐ Fund 208 $ 46,832.00 $ 40,000.00 $ 6,832.00 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
86900208 Citywide Facilities Inventory…………………………………………………………... - 4,000.00 4,000.00 86910208 Citywide Development Impact Fee Review…………………………………………… - 2,832.00 2,832.00 Total Appropriations ‐ Fund 208 $ ‐ 6,832.00 $ $ 6,832.00 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 1991 of 2748 ends

Fee Type and Use
Adjusted *
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Temescal Canyon Fire Facilities Fee 126,736.60 $ $ 111,852.24 $ ‐ 19,101.76 $ ‐ $ $ ‐ 30,424.60 $ $ 257,690.60 $ 30,424.60 Purpose of Fee: A fund created to provide for fire facilities through Residential Developer Fees within the Temescal Canyon area.

BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
62900209 Fire Equipment Acquisition…………………………………………………………… - 23,592.60 23,592.60 86900209 Citywide Facilities Inventory…………………………………………………………. 4,000.00 - 4,000.00 86910209 Citywide Development Impact Fee Review………………………………………… 2,832.00 - 2,832.00 Total Expenditures and Appropriations ‐ Fund 209 30,424.60 $ ‐ $ $ 30,424.60 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
62900209 Fire Equipment Acquisition…………………………………………………………… - 23,592.60 23,592.60 86900209 Citywide Facilities Inventory…………………………………………………………. 4,000.00 - 4,000.00 86910209 Citywide Development Impact Fee Review………………………………………… 2,832.00 - 2,832.00 Total Appropriations ‐ Fund 209 30,424.60 $ ‐ $ $ 30,424.60 *Adjusted to show actual available fund balance for future projects City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 1992 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out Ending Fund Balance
FYE 2024
Appropriation
Balance
Streets, Bridges and Signals Development Fee 13,490,426.34 $ $ 604,011.73 $ ‐ 349,750.24 $ ‐ $ $ 13,843,656.28 $ ‐ 957,042.42 $ $ 13,487,145.89 $ 12,886,613.86 Purpose of Fee: A fund created to provide for street and bridge widenings and new signals citywide.

BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures Current Appropriation21144610 Administrative Services…………………………………………………………………… 31,087.00 31,087.00 - 62410211 Magnolia Avenue Widening……………………………………………………………… - 1,289,321.07 1,289,321.07 69210211 Annual Street Pavement Rehab………………………………………………………… 830,145.78 830,145.78 - 69370211 Annual st pavement rehab……………………………………………………………… 1,000,000.00 - 1,000,000.0069500211 Cajalco / I-15 Interchange Improvements……………………………………………… - - - 69510211 Citywide Master Plan Street Improvements…………………………………………… - 1,587,748.38 1,587,748.38 70630211 Citywide Traffic Signals…………………………………………………………………… - 2,509,800.70 2,509,800.7071800211 ATMS Phase lll / ATMS Master Plan Update………………………………………… 3,293,009.89 2,662.64 3,290,347.25 71820211 Signal Instl-Auto CTR/Metrolink…...................................................................... 100,000.00 - 100,000.0071840211 Traffic Signal Maintenance Facility……………………………………………………… - 130,000.00 130,000.00 71990211 Household Hazardous Waste FAC……………………………………………………………………….. -72100211 Ontario Avenue Widening………………………………………………………………… 87,326.13 444,163.57 356,837.44 72140211 Traffic Signal Installation at Ontario Ave/State St……………………………………… - - 72650211 Household Waste Collection Facility Street Improvements………………………… - - 72900211 TRAF SIG Bedfor Cyn/GRGTWN…...................................................................... 100,000.00 - 100,000.0076200211 Citywide ADA Curb Ramp Improvements……………………………………………… - 350,000.00 350,000.00 76210211 Traffic Signal ADA Enhancements……………………………………………………… - 120,835.94 120,835.9476220211 Foothill Parkway Interconnect Signal System Optimization………………………… - - -76230211 Traffic Monitoring CCTV System Repairs and Upgrades…………………………… 207,896.95 5,820.87 202,076.08 76240211 In-Pavement Illumination Crosswalk…………………………………….……………… - - - 77010211 Traffic Signal at Masters Drive and California Ave…………………………………… - 871,364.00 871,364.00 77750211 Ontario Avenue Widening………………………………………………………………… - 968,276.00 968,276.0086910211 Citywide Development Impact Fee Review…………………………………………… - 10,007.00 10,007.00 Total Expenditures and Appropriations ‐ Fund 211 13,843,656.28 $ $ 957,042.42 $ 12,886,613.86 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 1993 of 2748 ends

COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated Continuing
Appropriations 2025 Total
21144610 Administrative Services…………………………………………………………………… 31,087.00 - 31,087.00 62410211 Magnolia Avenue Widening……………………………………………………………… - 1,289,321.07 1,289,321.07 69210211 Annual Street Pavement Rehab………………………………………………………… - - - 69370211 Annual st pavement rehab……………………………………………………………… 1,000,000.00 - 1,000,000.0069510211 Citywide Master Plan Street Improvements…………………………………………… - 1,587,748.38 1,587,748.38 70630211 Citywide Traffic Signals…………………………………………………………………… 533,080.00 2,509,800.70 1,976,720.70 71800211 ATMS Phase lll / ATMS Master Plan Update………………………………………… 3,290,347.25 800,000.00 4,090,347.25 71820211 Signal Instl-Auto CTR/Metrolink…...................................................................... 100,000.00 - 100,000.00 71840211 Traffic Signal Maintenance Facility……………………………………………………… - 130,000.00 130,000.00 71990211 Household Hazardous Waste FAC……………………………………………………… - - - 72100211 Ontario Avenue Widening………………………………………………………………… - 356,837.44 356,837.44 72650211 Household Waste Collection Facility Street Improvements………………………… - - -72900211 TRAF SIG Bedfor Cyn/GRGTWN…...................................................................... 100,000.00 100,000.0076200211 Citywide ADA Curb Ramp Improvements……………………………………………… - 350,000.00 350,000.0076210211 Traffic Signal ADA Enhancements……………………………………………………… - 120,835.94 120,835.9476220211 Foothill Parkway Interconnect Signal System Optimization………………………… - - 76230211 Traffic Monitoring CCTV System Repairs and Upgrades…………………………… 202,076.08 - 202,076.08 76240211 In-Pavement Illumination Crosswalk…………………………………….……………… - - - 77010211 Traffic Signal at Masters Drive and California Ave…………………………………… - 871,364.00 871,364.00 77750211 Ontario Avenue Widening………………………………………………………………… - 968,276.00 968,276.0078980211 TRF Signals on Promenade…................................................................................ 250,000.00 - 250,000.0086910211 Citywide Development Impact Fee Review…………………………………………… - 10,007.00 10,007.00 Total Appropriations ‐ Fund 211 13,136,613.86 $ $ 1,364,167.00 $ 13,434,620.86

Page 1994 of 2748 ends

Fee Type and Use Beginning Fund Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In Current Fiscal Year Budget Expenditures
Transfers
Out Ending Fund Balance
FYE 2024 Appropriation
Balance
Storm Drainage Development Fee 3,661,028.60 $ $ 91,897.48 $ 106,060.79 $ ‐ 539.69 $ $ 3,642,599.03 $ ‐ 39,673.72 $ $ 3,819,852.84 $ 3,602,925.31 Purpose of Fee: A fund created to provide for the construction of new flood and storm drain lines and channels citywide.

BUDGET AND EXPENDITURES:Project Annual Budget Expenditures Current Appropriation21244610 Administrative Services………………………………………………………………..... 16,954.00 16,954.00 - 62920212 East Grand Blvd Storm Drain……………………………………………………………….. 561,180.70 - 561,180.7069370212 Mckinley/Santa Fe Grade ……………………………………………………………….. 1,000,000.00 - 1,000,000.0073860212 Infra SR-91 Corridor………………………………………………………………………………… - - - 73870212 - 505,249.00 505,249.00
77390212 17,850.34 850,000.00 832,149.66
77750212 - 394,133.00 394,133.00
86050212 Chase Drive Improvements - Phase III……………………………………………….. 90,906.00 - 90,906.0086900212 Citywide Facilities Inventory……………………………………………………………….. 47,297.00 - 47,297.0086910212 Citywide Development Impact Fee Review……………………………………………………… 5,382.00 - 5,382.0086920212 Reimbursement Agreement Payments - Drainage……………………………………………… 4,869.38 171,497.33 166,627.95 Total Expenditures and Appropriations ‐ Fund 212 $ 3,642,599.03 $ 39,673.72 $ 3,602,925.31 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated Continuing
Appropriations 2025 Total
21244610 Administrative Services………………………………………………………………..... - 16,954.00 16,954.00 62920212 East Grand Blvd Storm Drain……………………………………………………………….. 561,180.70 - 561,180.7068860212 Citywide Benchmard Update…..................................................................... - 105,060.00 105,060.00 69370212 Mckinley/Santa Fe Grade ……………………………………………………………….. 1,000,000.00 - 1,000,000.0073870212 West Rincon St Improvement…………………………………………………………….. 505,249.00 - 505,249.0077390212 Drainage Master Plan Update……………………………………………………………………… - 832,149.66 832,149.66 77750212 - 394,133.00 394,133.00
86050212 Chase Drive Improvements - Phase III……………………………………………….. 90,906.00 - 90,906.00 86900212 Citywide Facilities Inventory……………………………………………………………….. 47,297.00 - 47,297.0086910212 Citywide Development Impact Fee Review……………………………………………………… 5,382.00 - 5,382.0086920212 Reimbursement Agreement Payments - Drainage……………………………………………… - 166,627.95 166,627.95 Total Appropriations ‐ Fund 212 $ 3,602,925.31 $ 122,014.00 $ 3,724,939.31Drainage Master Plan Update………………………………………………………………………Ontario Avenue Widening………………………………………………………………………….Ontario Avenue Widening………………………………………………………………………….

City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024
West Rincon St Improvement……………………………………………………………..

Page 1995 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Law Enforcement Development Fee 82,133.17 $ $ 4,588.80 $ ‐ 959.01 $ ‐ $ $ 83,037.84 $ ‐ 43,765.84 $ $ 43,915.14 $ 39,272.00 Purpose of Fee: A fund created to provide for police station expansion and acquisition of additional equipment and vehicles.

BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
21344610 Administrative Services………………………………………………………………… 266.00 266.00 - 69120213 City Unified Camera Project…………………………………………………………… - - - 70110213 PSEC Radio Interoperability…………………………………………………………… - - -86450213 Police Equipment Acquisition………………………………………………………… 43,499.84 75,939.84 32,440.00 86900213 Citywide Facilities Inventory…………………………………………………………… - 4,000.00 4,000.00 86910213 Citywide Development Impact Fee Review………………………………………… 2,832.00 - 2,832.00 Total Expenditures and Appropriations ‐ Fund 213 83,037.84 $ $ 43,765.84 $ 39,272.00 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
21344610 Administrative Services………………………………………………………………… 266.00 - 266.00 86450213 Police Equipment Acquisition………………………………………………………… 16,781.47 32,440.00 49,221.4786900213 Citywide Facilities Inventory…………………………………………………………… - 4,000.00 4,000.00 86910213 Citywide Development Impact Fee Review………………………………………… 2,832.00 - 2,832.00 Total Appropriations ‐ Fund 213 39,272.00 $ $ 17,047.47 $ 56,319.47 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 1996 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Fire Protection Development Fee $ 198,536.60 $ 2,591.34 $ 3,224.66 $ ‐ $ ‐ $ 195,561.27 $ 97,588.88 $ ‐ $ 106,763.72 $ 97,972.39 Purpose of Fee: A fund created to provide for existing station expansions, numerous pumpers and a new fire station.BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
21444610 Administrative Services………………………………………………………………… 3,068.00 3,068.00 -62900214 Fire Equipment Acquisition…………………………………………………………… 66,483.15 149,170.24 82,687.09 71660214 Fire Station Alerting Systems………………………………………………………… 28,037.73 36,535.40 8,497.67 86900214 Citywide Facilities Inventory…………………………………………………………… - 3,955.63 3,955.63 86910214 Citywide Development Impact Fee Review………………………………………… 2,832.00 - 2,832.00 Total Expenditures and Appropriations ‐ Fund 214 $ 195,561.27 $ 97,588.88 $ 97,972.39 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
21444610 Administrative Services………………………………………………………………… - 3,068.00 3,068.00 62900214 Fire Equipment Acquisition…………………………………………………………… - 82,687.09 82,687.09 71660214 Fire Station Alerting Systems………………………………………………………… (1,376.49) 8,497.67 7,121.18 86900214 Citywide Facilities Inventory…………………………………………………………… - 3,955.63 3,955.63 86910214 Citywide Development Impact Fee Review………………………………………… 2,832.00 - 2,832.00 Total Appropriations ‐ Fund 214 $ 97,972.39 $ 1,691.51 $ 99,663.90 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 1997 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Community Meeting Development Fee 106,214.97 $ $ 14,022.45 $ ‐ 6,743.05 $ ‐ $ $ 8,919.43 $ ‐ 261.00 $ $ 126,719.47 $ 8,658.43 Purpose of Fee: A fund created to provide for the construction of additional community centers for classes, meetings, and general public use.

BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
21544610 Administrative Services………………………………………………………………… 261.00 261.00 - 73840215 Parks Facilities and Amenities Inventory…………………………………………… 1,826.43 - 1,826.43 86900215 Citywide Facilities Inventory…………………………………………………………… - 4,000.00 4,000.00 86910215 Citywide Development Impact Fee Review………………………………………… 2,832.00 - 2,832.00 Total Expenditures and Appropriations ‐ Fund 215 8,919.43 $ $ 261.00 $ 8,658.43 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
21544610 Administrative Services………………………………………………………………… 261.00 - 261.00 73840215 Parks Facilities and Amenities Inventory…………………………………………… 1,826.43 - 1,826.43 86900215 Citywide Facilities Inventory…………………………………………………………… - 4,000.00 4,000.00 86910215 Citywide Development Impact Fee Review………………………………………… 2,832.00 - 2,832.00 Total Appropriations ‐ Fund 215 8,658.43 $ $ 261.00 $ 8,919.43 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 1998 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Aquatic Center Development Fee 329,865.57 $ $ 8,680.07 $ ‐ 10,044.19 $ ‐ $ $ 109,093.68 $ ‐ 17,886.95 $ $ 330,702.88 $ 91,206.73 Purpose of Fee: A fund created to provide for additional pool space and changing quarters citywide.

BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
21644610 Administrative Services………………………………………………………………… 2,131.00 2,131.00 - 69630216 Aquatic Improvements………………………………………………………………… 15,755.95 100,235.68 84,479.73 86900216 Citywide Facilities Inventory…………………………………………………………… - 5,645.00 5,645.00 86910216 Citywide Development Impact Fee Review………………………………………… 1,082.00 - 1,082.00 Total Expenditures and Appropriations ‐ Fund 216 109,093.68 $ $ 17,886.95 $ 91,206.73 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
21644610 Administrative Services………………………………………………………………… 2,131.00 - 2,131.00 69630216 Aquatic Improvements………………………………………………………………… - 84,479.73 84,479.7386900216 Citywide Facilities Inventory…………………………………………………………… - 5,645.00 5,645.00 86910216 Citywide Development Impact Fee Review………………………………………… 1,082.00 - 1,082.00 Total Appropriations ‐ Fund 216 91,206.73 $ $ 2,131.00 $ 93,337.73 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 1999 of 2748 ends

Fee Type and Use
Adjusted * Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned Other Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Parkland Acquisition and Development Fee 3,941,059.49 $ $ 171,996.67 $ ‐ 215,373.37 $ ‐ $ $ 3,685,755.98 $ ‐ 628,187.40 $ $ 3,702,822.13 $ 3,057,568.58 Purpose of Fee: A fund created to provide for the development of new parks, recreation areas, and open space citywide.

BUDGET AND EXPENDITURES:Project Annual Budget Expenditures Current Appropriation21744610 Administrative Services………………………………………………………………………………… 2,076.00 2,076.00 -72600217 Auburndale Amenities Improvements………………………………………………….. 600,579.41 26,182.83 574,396.5873840217 Parks Facilities and Amenitites Inventory……………………………………………….. 1,805,128.45 55,985.31 1,749,143.1476410217 Butterfield Park - Design West Parking Lot…………………………………………………………… - 36,000.00 36,000.00 76420217 Mountain Gate Park Shade Structure for Ballfield Plaza…………………………………………… 146,427.52 122,065.32 24,362.20 76430217 Border/Fairview Park Playgrd…......................................................................................... 1 - 50,000.00 150,000.00 76450217 Parks Master Plan………………………………………………………………………….. 90,266.86 68,244.11 22,022.7577130217 Skyline Trail…………………………………………………………………………………….. 30,536.12 5,706.23 24,829.8977200217 Shade Install Park Playground………………………………………………………………………… 574,741.62 347,927.60 226,814.02 77340217 MT Gate Park Playgrd ph II…....................................................................................... 250,0 - 00.00 250,000.00 79020217 Parks Improvements………………………………………………………………………….. - - - Total Expenditures and Appropriations ‐ Fund 217 $ 3,685,755.98 $ 628,187.40 $ 3,057,568.58 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated Continuing
Appropriations 2025 Total
21744610 Administrative Services………………………………………………………………………………… - 2,076.00 2,076.00 72600217 Auburndale Amenities Inprovements…………………………………………………... 574,396.58 - 574,396.58 73840217 Parks Facilities and Amenties Inventory……………………………………………….. 1,749,143.14 - 1,749,143.1476410217 Butterfield Park - Design West Parking Lot…………………………………………………………… - 36,000.00 36,000.00 76420217 Mountain Gate Park Shade Structure for Ballfield Plaza…………………………………………… 24,362.20 - 24,362.2076430217 Border/Fairview Park Playgrd............................................................................... 150,000.00 150,000.00 76450217 Parks Master Plan………………………………………………………………………….. 22,022.75 - 22,022.7577130217 Skyline Trail……………………………………………………………………………………………… 24,829.89 - 24,829.8977200217 Shade Install Park Playground………………………………………………………………………… 226,814.02 - 226,814.02 77340217 MT Gate Park Playgrd PHII ………………………………………………………….. - 250,000.00 250,000.00 78990217 Wardlow Canyon Trail Ctrl/Sourt…........................................................ …………………………… 300,000.00 - 300,000.00 Total Appropriations ‐ Fund 217 2,657,568.58 $ $ 702,076.00 $ 3,359,644.58 *Adjusted to show actual available fund balance for future projects City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 2000 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Thoroughfares Facilities Fee 45,360.45 $ ‐ $ $ ‐ 1,073.27 $ ‐ $ $ 45,713.00 $ ‐ 53.00 $ $ 46,380.72 $ 45,660.00 Purpose of Fee: A fund created to provide for master planned street improvements in South Corona.

BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
26144610 Administrative Services………………………………………………………….…… 53.00 53.00 - 86040261 Foothill Parkway Westerly Extension………..……………………………………… 45,660.00 - 45,660.00 Total Expenditures and Appropriations ‐ Fund 261 45,713.00 $ $ 53.00 $ 45,660.00 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
26144610 Administrative Services………………………………………………………….…… - 53.00 53.00 86040261 Foothill Parkway Westerly Extension………..……………………………………… 45,660.00 45,660.00 91,320.00 Total Appropriations ‐ Fund 261 45,660.00 $ $ 53.00 $ 91,373.00 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 2001 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out Ending Fund Balance
FYE 2024
Appropriation
Balance
Landscaping Facilities Fee 1,252,056.38 $ $ 9,567.64 $ ‐ 29,791.31 $ ‐ $ $ 1,203,342.00 $ ‐ 246.00 $ $ 1,291,169.33 $ 1,203,096.00 Purpose of Fee: A fund created to provide for master planned landscape improvements in South Corona. 213
BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
27444610 Administrative Services…………………………………………………………………… 246.00 246.00 - 77750274 - 1,200,726.00 1,200,726.0086900274 Citywide Facilities Inventory……………………………………………………………… - 2,370.00 2,370.00 Total Expenditures and Appropriations ‐ Fund 274 1,203,342.0 $ 0 $ 246.00 $ 1,203,096.00 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
27444610 Administrative Services……………………………………………………………….. - 246.00 246.00 77750274 - 1,200,726.00 1,200,726.00
86900274 Citywide Facilities Inventory……………………………………………………………… - 2,370.00 2,370.00 Total Appropriations ‐ Fund 274 1,203,096.0 $ 0 $ 246.00 $ 1,203,342.00Ontario Avenue Widening………………………………………………………………… City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024
Ontario Avenue Widening…………………………………………………………………

Page 2002 of 2748 ends

Fee Type and Use
Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Sewer Development Fee 8,325,613.19 $ $ 1,814,972.65 $ 158,205.74 $ 9,203,454.40 $ 3,627,118.73 $ 6,671,672.85 $ 5,507,336.88Purpose of Fee: A fund created to provide for sewer connection services as well as a capital reserve for the purpose of constructing needed sewer facilities citywide BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures
Current
Appropriation
44015902 JPA-Western Riverside County Regional Wastewater Authority - SRF Loan…… 1,903,189.00 1,903,189.00 - 44044100 Debt Service Payment for 2013 Wastewater Revenue Bonds…………………… 385,035.00 316,036.21 - *44044610 Administrative Services………………………………………………………………… 13,666.00 13,666.00 - 68710440 SDO Lift Station/Pipelines……………………………………………………………… - 3,098,400.00 3,098,400.0072020440 Wardlow Rd Sewer Relocation….................................................................... 1,317,475.96 1,036,926.25 280,549.71 76330440 Capacity Fee Study…………………………………………………………………… 50,000.00 - 50,000.0076640440 James St Sewer Extension…………………………………………………………… 352,407.18 518,445.44 166,038.26 77080440 Galloway Sewer Extension…………………………………………………………… 490,141.54 1,977.91 488,163.6377170440 Rudell RD Sewer Extension PR……………………………………………………… 2,916.18 1,427,101.46 1,424,185.28 Total Expenditures and Appropriations ‐ Fund 440 9,203,454.40 $ $ 3,627,118.73 $ 5,507,336.88 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated
Continuing
Appropriations 2025 Total
44015902 JPA-Western Riverside County Regional Wastewater Authority - SRF Loan…… 1,903,189.00 - 1,903,189.00 44044100 Debt Service Payment for 2013 Wastewater Revenue Bonds…………………… - - - 44044610 Administrative Services………………………………………………………………… 13,666.00 - 13,666.00 68710440 SDO Lift Station/Pipelines……………………………………………………………… (2,817,850.29) 3,098,400.00 280,549.71 72020440 Wardlow Rd Sewer Relocation….................................................................... 280,549.71 - 280,549.7176330440 Capacity Fee Study…………………………………………………………………… 50,000.00 - 50,000.0076640440 James St Sewer Extension…………………………………………………………… 116,038.26 166,038.26 282,076.52 77080440 Galloway Sewer Extension…………………………………………………………… 488,163.63 - 488,163.6377170440 Rudell RD Sewer Extension PR……………………………………………………… - 1,424,185.28 1,424,185.28 Total Appropriations ‐ Fund 440 5,507,336.88 $ $ (784,957.03) $ 4,722,379.85 *Operational budget appropriation of $3,350.87 will not be carried over to Fiscal Year 2024 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 2003 of 2748 ends

Fee Type and Use
Adjusted * Beginning Fund
Balance
Developer Fee
Revenue
Interest
Earned
Other
Revenues
Transfers
In
Current Fiscal Year
Budget Expenditures
Transfers
Out
Ending Fund
Balance
FYE 2024
Appropriation
Balance
Water Development Fee 2,507,518.28 $ $ 1,558,105.12 $ 80,058.98 $ ‐ 134,996.58 $ $ 3,784,250.98 $ 1,287,703.37 $ 2,992,975.59 2,332,638.38 Purpose of Fee: A fund created to provide for existing water facilities improvements and to construct new water facilities citywide. $ 485,457.31
BUDGET AND EXPENDITURES:

Project Annual Budget Expenditures Current Appropriation50744100 Debt Service Payment for 2023 Water Revenue Bonds………………………………………… 1,028,345.60 1,028,345.77 - ** 50744100 Interfund Loan Payment 507/570…………………………………………………………………… 205,097.60 369,007.00 - ** 50744610 Administrative Services / Warehouse……………………………………………………………… 54,260.00 54,260.00 - 60000507 Fixed Asset Acquisitions….................................................................................. (634.93) 634.93 69770507 1380 - Zone Water Storage Tank……………………………………………………………… 2,082,783.11 634.93 2,082,148.18 72780507 1220 - Zone BS Pump Station…............................................................................................. 200,000.00 200,000.0076330507 Capacity fee Study - 49,855.27 49,855.27 Total Expenditures and Appropriations ‐ Fund 507 3,784,250.98 $ $ 1,287,703.37 $ 2,332,638.38 COMMITMENTS FOR FUTURE PROJECTS:

Project
Estimated Continuing
Appropriations 2025 Total
50744100 Debt Service Payment for 2023 Water Revenue Bonds………………………………………… - - 50744610 Administrative Services…………………………………………………………………………. ‐ 54,260.00 54,260.00 69770507 1380 - Zone Water Storage Tank……………………………………………………………… 2,082,148.18 - 2,082,148.1872780507 1220 - Zone BS Pump Station…............................................................................................. 200,000.00 - 200,000.0076330507 Capacity Fee Study………………………………………………………………………… 49,855.27 49,855.27 Total Appropriations ‐ Fund 507 2,332,003.45 $ $ 54,260.00 $ 2,386,263.45 *Adjusted to show actual available fund balance for future projects **Operational budget appropriation of $445,617.25 will not be carried over to Fiscal Year 2024 City of Corona
AB1600 Development Impact Fees Annual Report
Capital Improvement Projects Funded by Developer Fees
Fiscal Year Ended June 30, 2024

Page 2004 of 2748 ends

Fiscal Year Ending
June 30, 2024
Senate Bill 165
Annual Report On Voter Approved Debt
Section 53411
Annual Report

Page 2005 of 2748 ends

Table of Contents
City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Sections

1. Introduction of Bond Accountability Act (Senate Bill 165) 1

2. Community Facilities District No. 2000-1 (Eagle Glen II) 2

3. Community Facilities District No. 2001-2 (Creste Verde Hills and Vista Grande) 3

4. Community Facilities District No. 2002-1 (Dos Lagos) 4

5. Community Facilities District No. 2002-1 IA 1 (Dos Lagos) 5

6. Community Facilities District No. 2002-4 (Corona Crossings) 7

7. Community Facilities District No. 2003-2 (Highlands Collection) 8

8. Community Facilities District No. 2004-1 (Buchanan Street) 10

9. Community Facilities District No. 2016-2 (Terrassa) 11

10. Community Facilities District No. 2017-2 (Valencia/Seville) 12

11. Community Facilities District No. 2018-1 IA 1 (Bedford) 13

12. Community Facilities District No. 2018-2 (Sierra Bella) 15

Page 2006 of 2748 ends

1. Introduction Page | 1
City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Bond Accountability Act (Senate Bill 165)
Senate Bill 165 (SB 165) shall be cited as the Local Agency Special Tax and Bond Accountability Act (the “Act”). This Act requires that any local special tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the special tax, requires that the proceeds of the special tax be applied to those purposes, requires the creation of an account into which the proceeds shall be deposited, and requires an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001 in accordance with Sections 50075.1 and 53410 of the California Government Code.

Some of the requirements of the Act are handled at the formation (bond issuance) of the Special Tax District and others are handled through annual reports. This section of the report intends to comply with Sections 50075.3 and 53411 of the California Government Code that states:

The chief fiscal officer of the issuing local agency shall file a report with its governing body no later than January 1, after the bonds have been issued and at least once a year thereafter. The Annual report shall contain all of the following:
(a) The amount of funds collected and expended.
(b) The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1 and Section 53410.

Page 2007 of 2748 ends

2. Community Facilities District No. 2000-1 (Eagle Glen II) Page | 2 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District No. 2000-1 (Eagle Glen II) 2020 Special Tax Refunding Bond
Location
Community Facilities District No. 2000-1 (the “CFD No. 2000-1”) is generally located in the Bedford Canyon area, southeasterly of the downtown area of the City, westerly of the Route 15/Cajalco Road freeway interchange and approximately 5 miles south of the interchange between State Route 91 and the Interstate 15 Freeway.

Authorized Facilities and Bonds
CFD No. 2000-1 was formed to finance major public improvements which include roadway, drainage, park, water and sewer improvements. On January 15, 2020, the 2020 Special Tax Refunding Bond refunded the 2002 Series A and 2003 Series B Special Tax Bonds.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.

Description Amount
FY 2024 Revenues
Special Taxes Levied $413,884
Transfer from Surplus Funds $9,564
Less: Delinquency as of 6/30/2024 $0
Total Special Taxes Collected $423,448
2024 Expenditures
Bond Interest – 3/1/2024 $33,540
Bond Interest – 9/1/2024 $33,540
Bond Principal – 9/1/2024 $320,000
Administrative Expenses (1) $28,000
Total Expenditures $415,080
Ending Special Tax Fund Balance $8,368
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Project Status
The requirements of the Act apply to the Improvement/Construction Funds of CFD No. 2000-1. All improvements funded by the prior bond series are complete. There were no Improvement/Construction Funds associated with the refunding of the bonds in CFD No. 2000-

1. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2000-1.

District Series
Initial Deposit
Amount to
Improvement Fund
June 30, 2024
Balance
Project
Status
CFD No. 2000-1 N/A N/A N/A Complete

Page 2008 of 2748 ends

3. Community Facilities District No. 2001-2 (Cresta Verde Hills and Vista Grande) Page | 3 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District No. 2001-2 Improvement Area 1 and 2 (Cresta Verde Hills and Vista Grande) 2020 Special Tax Refunding Bond
Location
Community Facilities District No. 2001-2 (the “CFD No. 2001-2”) is located in the northeasterly and southerly portion of the City. CFD No. 2001-2 consists of two non-contiguous Improvement Areas. Improvement Area No. 1, known as “Cresta Verde Hills”, consists of approximately 55 gross acres. It is located approximately 1-mile northeast of the interchange between State Route 91 and the Interstate 15 Freeway. Improvement Area No. 2, known as “Vista Grande”, consists of approximately 12.5 gross acres. It is located approximately 3 miles south of the interchange between State Route 91 and the Interstate 15 Freeway.

Authorized Facilities and Bonds
CFD No. 2001-2 was formed to finance the costs of certain improvements which include water and sewer system improvements, street improvements and traffic signals, storm drainage improvements, park and recreation improvements, public safety improvements, landscape and appurtenant improvements, library improvements, and the acquisition of parkland and open space. On January 15, 2020, the 2020 Special Tax Refunding Bond refunded the 2002 Series A Special Tax Bonds.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.

Description Amount
FY 2024 Revenues
Special Taxes Levied $234,129
Transfer from Surplus Funds $2,000
Less: Delinquency as of 6/30/2024 $1,050
Total Special Taxes Collected $235,079
2024 Expenditures
Bond Interest – 3/1/2024 $18,239
Bond Interest – 9/1/2024 $18,239
Bond Principal – 9/1/2024 $150,000
Administrative Expenses (1) $45,000
Total Expenditures $231,478
Ending Special Tax Fund Balance $3,601
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Project Status
The requirements of the Act apply to the Improvement/Construction Funds of CFD No. 2001-2. All improvements funded by the prior bond series are complete. There were no Improvement/Construction Funds associated with the refunding of the bonds in CFD No. 2001-

2. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2001-2.

District Series
Initial Deposit
Amount to
Improvement Fund
June 30, 2024
Balance
Project
Status
CFD No. 2001-2 N/A N/A N/A Complete

Page 2009 of 2748 ends

4. Community Facilities District No. 2002-1 (Dos Lagos) Page | 4 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District No. 2002-1 (Dos Lagos)
2017 Special Tax Refunding Bonds
Location
Community Facilities District No. 2002-1 (the “CFD No. 2002-1”) is located in the southeastern portion of the City on both sides of Temescal Canyon Road between Cajalco Road and Weirick Road and east of Interstate 15.

Authorized Facilities and Bonds
CFD No. 2002-1 was formed for the purpose of constructing and acquiring certain public improvements needed to meet increased demand upon the City of Corona as a result of development within the boundaries of CFD No. 2002-1. The public facilities financed by CFD No. 2002-1 include water, reclaimed water and sewer system master plan improvements, drainage and flood control master plan improvements, Temescal Canyon Road and Weirick Road improvements, qualified undergrounding of utilities, master plan signals, public improvements within Westside Area (Tract 32538), and I-15 at Weirick Road northbound and southbound ramps. On January 26, 2017, the 2017 Special Tax Refunding Bonds refunded the 2005 Series A Special Tax Bonds.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.

Description Amount
FY 2024 Revenues
Special Taxes Levied $1,177,417
Transfer from Surplus Funds $30,000
Less: Delinquency as of 6/30/2024 $0
Total Special Taxes Collected $1,207,417
2024 Expenditures
Bond Interest – 3/1/2024 $220,950
Bond Interest – 9/1/2024 $220,950
Bond Principal – 9/1/2024 $710,000
Administrative Expenses (1) $32,000
Total Expenditures $1,183,900
Ending Special Tax Fund Balance $23,517
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Project Status
The requirements of the Act apply to the Improvement/Construction Funds of CFD No. 2002-1. All improvements funded by the prior bond series are complete. There were no Improvement/Construction Funds associated with the refunding of the bonds in CFD No. 2002-

1. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2002-1.

District Series
Initial Deposit
Amount to
Improvement Fund
June 30, 2024
Balance
Project
Status
CFD No. 2002-1 N/A N/A N/A Complete

Page 2010 of 2748 ends

5. Community Facilities District No. 2002-1 IA 1 (Dos Lagos) Page | 5 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District 2002-1 IA 1 (Dos Lagos)
2017 Special Tax Refunding Bonds
Location
Community Facilities District No. 2002-1 Improvement Area 1 (the “CFD No. 2002-1 IA 1”) is located in the southeastern portion of the City on both sides of Temescal Canyon Road between Cajalco Road and Weirick Road and east of Interstate 15. CFD No. 2002-1 IA 1 consists approximately of 98 gross acres and comprises planning Areas 1, 2, 3 (portion only), 4, 5, and 6.

Authorized Facilities and Bonds
CFD No. 2002-1 IA 1 was formed for the purpose of constructing and acquiring certain public improvements needed to meet increased demand upon the City of Corona as a result of development within the boundaries of CFD No. 2002-1 IA 1. The public facilities financed by CFD No. 2002-1 IA 1 include water, reclaimed water and sewer system master plan improvements, drainage and flood control master plan improvements, Temescal Canyon Road and Weirick Road improvements, qualified undergrounding of utilities, master plan signals, landscaping and irrigation of street improvements, public improvements within Westside Area (Tract 32538), I-15 at Weirick Road northbound and southbound ramps, and Bedford wash bridge and channel. On January 26, 2017, the 2017 Special Tax Refunding Bonds refunded the 2007 Special Tax Bonds.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.

Description Amount
FY 2024 Revenues
Special Taxes Levied $533,348
Transfer from Surplus Funds $8,136
Less: Delinquency as of 6/30/2024 $0
Total Special Taxes Collected $541,484
2024 Expenditures
Bond Interest – 3/1/2024 $107,078
Bond Interest – 9/1/2024 $107,078
Bond Principal – 9/1/2024 $300,000
Administrative Expenses (1) $22,000
Total Expenditures $536,156
Ending Special Tax Fund Balance $5,328
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Page 2011 of 2748 ends

5. Community Facilities District No. 2002-1 IA 1 (Dos Lagos) Page | 6 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Project Status
The requirements of the Act apply to the Improvement/Construction Funds of CFD No. 2002-1 IA 1. All improvements funded by the prior bond series are complete. There were no Improvement/Construction Funds associated with the refunding of the bonds in CFD No. 2002- 1 IA 1. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2002-1 IA 1.

District Series
Initial Deposit
Amount to
Improvement Fund
June 30, 2024
Balance
Project
Status
CFD No. 2002-1 IA 1 N/A N/A N/A Complete

Page 2012 of 2748 ends

6. Community Facilities District No. 2002-4 (Corona Crossings) Page | 7 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District No. 2002-4 (Corona Crossings) 2017 Special Tax Refunding Bonds
Location
Community Facilities District No. 2002-4 (the “CFD No. 2002-4”) is located in the southeastern portion of the City at the northwest corner of Cajalco Road and Temescal Canyon Road, east of Interstate 15.

Authorized Facilities and Bonds
CFD No. 2002-4 was formed for the purpose of constructing and acquiring certain public facilities within or serving CFD No. 2002-4 including road improvements, storm drain improvements, water system capacity improvements, and sewer system capacity improvements. CFD No. 2002-4 currently has one series of bonds: the Special Tax Refunding Bonds, Series 2017, which refunded the 2004 Special Tax Bonds.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.

Description Amount
FY 2024 Revenues
Special Taxes Levied $598,621
Transfer from Surplus Funds $11,364
Less: Delinquency as of 6/30/2024 $0
Total Special Taxes Collected $609,985
2024 Expenditures
Bond Interest – 3/1/2024 $112,975
Bond Interest – 9/1/2024 $112,975
Bond Principal – 9/1/2024 $355,000
Administrative Expenses (1) $23,000
Total Expenditures $603,950
Ending Special Tax Fund Balance $6,035
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Project Status
The requirements of the Act apply to the Improvement/Construction Funds of CFD No. 2002-4. All improvements funded by the prior bond series is complete. There were no Improvement/Construction Funds associated with the refunding of the bonds in CFD No. 2002-

4. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2002-4.

District Series
Initial Deposit
Amount to
Improvement Fund
June 30, 2024
Balance
Project
Status
CFD No. 2002-4 N/A N/A N/A Complete

Page 2013 of 2748 ends

7. Community Facilities District No. 2003-2 (Highlands Collection) Page | 8 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District No. 2003-2 (Highlands Collection) 2020 Special Tax Refunding Bond
Location
Community Facilities District No. 2003-2 (the “CFD No. 2003-2”) is comprised of the Highlands Collection and is located in the southern portion of the City. CFD No. 2003-2 consists of five residential neighborhoods: Citrus Highlands is located south of Ontario Avenue, east of Taylor Avenue and west of Main Street; Fieldstone Collection-Magnolia Street is located south of Magnolia Avenue and east of Garretson Avenue; Fieldstone Collection-Main Street is located south of Ontario Avenue and west of Main Street; Fieldstone CollectionLincoln Avenue is located east of Lincoln Avenue and south of Highgrove Street; and Montara is located at the northwest corner of Lincoln and Ontario Avenue.

Authorized Facilities and Bonds
CFD No. 2003-2 was formed to finance the cost of constructing and acquiring certain public facilities within CFD No. 2003-2 including street and signal improvements, storm drain improvements, water and sewer improvements, landscape improvements, park and open space improvements, and other public facilities. On January 15, 2020 the 2020 Special Tax Refunding Bond refunded the 2005 Special Tax Bonds and the 2006 Special Tax Bonds.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.

Description Amount
FY 2024 Revenues
Special Taxes Levied $442,030
Transfer from Surplus Funds $0
Less: Delinquency as of 6/30/2024 $78
Total Special Taxes Collected $441,952
2024 Expenditures
Bond Interest – 3/1/2024 $47,554
Bond Interest – 9/1/2024 $47,554
Bond Principal – 9/1/2024 $310,000
Administrative Expenses (1) $28,000
Total Expenditures $433,108
Ending Special Tax Fund Balance $8,844
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Page 2014 of 2748 ends

7. Community Facilities District No. 2003-2 (Highlands Collection) Page | 9 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Project Status
The requirements of the Act apply to the Improvement/Construction Funds of CFD No. 2003-2. All improvements funded by the prior bond series is complete. There were no Improvement/Construction Funds associated with the refunding of the bonds in CFD No. 2003-

2. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2003-2.

District Series
Initial Deposit
Amount to
Improvement Fund
June 30, 2024
Balance
Project
Status
CFD No. 2003-2 N/A N/A N/A Complete

Page 2015 of 2748 ends

8. Community Facilities District No. 2004-1 (Buchanan Street) Page | 10 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District No. 2004-1 (Buchanan Street) 2020 Special Tax Refunding Bond
Location
The boundaries of Community Facilities District No. 2004-1 (the “CFD No. 2004-1”) comprises of 27 developable acres located in the northeastern portion of the City adjacent to the City of Riverside.

Authorized Facilities and Bonds
CFD No. 2004-1 was formed to finance the costs of constructing and acquiring certain public facilities within CFD No. 2004-1 including street improvements, storm drain improvements, water and sewer improvements, Quimby fee, street and signal fee, sewer, drainage and water fees, and park and recreation fee. On January 15, 2020, the 2020 Special Tax Refunding Bond refund the 2006 Special Tax Bonds.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.

Description Amount
FY 2024 Revenues
Special Taxes Levied $201,963
Transfer from Surplus Funds $3,192
Less: Delinquency as of 6/30/2024 $6,086
Total Special Taxes Collected $199,069
2024 Expenditures
Bond Interest – 3/1/2024 $24,570
Bond Interest – 9/1/2024 $24,570
Bond Principal – 9/1/2024 $130,000
Administrative Expenses (1) $22,000
Total Expenditures $201,140
Ending Special Tax Fund Balance ($2,071)
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Project Status
The requirements of the Act apply to the Improvement/Construction Funds of CFD No. 2004-1. All improvements funded by the prior bond series are complete. There were no Improvement/Construction Funds associated with the refunding of the bonds in CFD No. 2004-

1. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2004-1.

District Series
Initial Deposit
Amount to
Improvement Fund
June 30, 2024
Balance
Project
Status
CFD No. 2004-1 N/A N/A N/A Complete

Page 2016 of 2748 ends

9. Community Facilities District No. 2016-2 (Terrassa) Page | 11 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District No. 2016-2 (Terrassa)
2018 Special Tax Bonds
Location
The boundaries of Community Facilities District No. 2016-2 (the “CFD No. 2016-2”) is located in the southwestern portion of the City, on the north side of Foothill Parkway and is bound by State Street to the west and Marquez Way to the east.

Authorized Facilities and Bonds
CFD No. 2016-2 was formed to finance the costs of constructing and acquiring certain public facilities within CFD No. 2016-2 including street and road facilities, street lights and traffic signals, law enforcement and fire protection facilities, library and park facilities, public meeting facilities, aquatic center facilities, radio communication facilities and sewer facilities, as well as to pay for incidental expenses related to planning, design and completion of such facilities. CFD No. 2016-2 has one series of bonds, the 2018 Special Tax Bonds.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.

Description Amount
FY 2024 Revenues
Special Taxes Levied $352,399
Less: Delinquency as of 6/30/2024 $2,561
Total Special Taxes Collected $349,838
2024 Expenditures
Bond Interest – 3/1/2024 $95,916
Bond Interest – 9/1/2024 $95,916
Bond Principal – 9/1/2024 $125,000
Administrative Expenses (1) $25,000
Total Expenditures $341,832
Ending Special Tax Fund Balance $8,006
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Project Status
The requirements of the Act apply to the Improvement Fund of CFD No. 2016-2. The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the June 30, 2024 Improvement Fund balance, and the project status. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2016-2.

District Series
Initial Deposit
Amount to
Improvement Fund
June 30, 2024
Balance
Project
Status
CFD No. 2016-2 2018 $4,975,894.49 $0.00 Complete

Page 2017 of 2748 ends

10. Community Facilities District No. 2017-2 (Valencia/Seville) Page | 12 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District No. 2017-2 (Valencia/Seville) 2018 Special Tax Bonds
Location
The boundaries of Community Facilities District No. 2017-2 (the “CFD No. 2017-2”) is located in the south-central portion of the City, on the northeast corner of the intersection of Santana Way and Kellogg Avenue, south of State Route 91 and west of Interstate 15. CFD No. 2017-2 is included within Tract Map No. 37057 and is planned for 92 single family detached homes at buildout.

Authorized Facilities and Bonds
CFD No. 2017-2 was formed to finance facilities consisting of certain public facilities and improvements, to be owned, operated and maintained by the City for park improvements, street and traffic signal improvements and other public facilities of the City, Corona-Norco Unified School District for the payment of certain fees to the School District, and all appurtenances and appurtenant work in connection with the foregoing facilities. CFD No. 2017-2 has one series of bonds, the 2018 Special Tax Bonds.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.

Description Amount
FY 2024 Revenues
Special Taxes Levied $266,106
Less: Delinquency as of 6/30/2024 $2,952
Total Special Taxes Collected $263,154

2024 Expenditures
Bond Interest – 3/1/2024 $74,941
Bond Interest – 9/1/2024 $74,941
Bond Principal – 9/1/2024 $75,000
Administrative Expenses (1) $28,000
Total Expenditures $252,882

Ending Special Tax Fund Balance $10,272
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Project Status
The requirements of the Act apply to the Improvement Fund of CFD No. 2017-2. The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the June 30, 2024 Improvement Fund balance, and the project status. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2017-2.

District Series
Initial Deposit
Amount to
Improvement Fund
June 30, 2024
Balance
Project
Status
CFD No. 2017-2 2018 $3,213,492.82 $0.00 Complete

Page 2018 of 2748 ends

11. Community Facilities District No. 2018-1 IA 1 (Bedford) Page | 13 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District No. 2018-1 IA 1 (Bedford) 2018 Special Tax Bonds, Series A
2020 Special Tax Bonds
Location
The boundaries of Community Facilities District No. 2018-1 Improvement Area 1 (the “CFD No. 2018-1 IA 1”) is located west of Interstate 15 freeway and south of Eagle Glen Parkway in the southeastern portion of the City. CFD 2018-1 IA 1 consists of approximately 54 gross acres and consists of the first phase of a new master-planned community known as “Bedford”. Five Improvement Areas were designated and planned at build out.

Authorized Facilities and Bonds
CFD No. 2018-1 IA 1 was formed to finance the types of facilities that consist of the construction, purchase, modification, expansion and/or improvement of certain roadways and roadway improvements, tunnels, regional hiking and biking trails, storm drain facilities, flood control facilities, water and wastewater facilities (including, without limitation, domestic and recycled water facilities, water tank facilities, wells, reservoirs, pipelines, waterlines, storm and sewer drains and related infrastructure and improvements), wet and dry utilities, bridges and pedestrian bridges, parks, street lights, traffic signals, aquatic center facilities and equipment, fire protection facilities and equipment, law enforcement facilities and equipment, library facilities and equipment, public meeting facilities and equipment, radio communication facilities and equipment, sewer facilities and equipment and related infrastructure improvements, both onsite and offsite, and all appurtenances and appurtenant work in connection with the foregoing including utility line relocations and electric, gas and cable utilities.

CFD No. 2018-1 IA 1 has two series of bonds, the 2018 Series A Special Tax Bonds and the 2020 Special Tax Bonds.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Description Amount
FY 2024 Revenues
Special Taxes Levied $1,143,545
Less: Delinquency as of 6/30/2024 $2,632
Total Special Taxes Collected $1,140,913
2024 Expenditures
Bond Interest – 3/1/2024 $421,950
Bond Interest – 9/1/2024 $421,950
Bond Principal – 9/1/2024 $130,000
Administrative Expenses (1) $52,000
Total Expenditures $1,025,900

Ending Special Tax Fund Balance $115,013

Page 2019 of 2748 ends

11. Community Facilities District No. 2018-1 IA 1 (Bedford) Page | 14 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Project Status
The requirements of the Act apply to the Improvement Fund of CFD No. 2018-1 IA 1. The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the June 30, 2024 Improvement Fund balance, and the project status. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2018-1 IA 1.

District Series
Initial Deposit
Amount to
Improvement Fund
June 30, 2024
Balance
Project
Status
CFD No. 2018-1 IA 1 2018 Series A $8,332,079.33 $0.00 Complete CFD No. 2018-1 IA 1 2020 Series $9,781,924.12 $0.00 Complete

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12. Community Facilities District No. 2018-2 (Sierra Bella) Page | 15 City of Corona
Local Agency Special Tax and Bond Accountability Act Report Fiscal Year Ending June 30, 2024
Community Facilities District No. 2018-2 (Sierra Bella) 2022 Special Tax Bonds, Series A
Location
The boundaries of Community Facilities District No. 2018-2 (the “CFD No. 2018-2”) is currently comprised of approximately 319 gross acres. The proposed development includes 237 single family detached homes, included in two district project lines known as Sonata and Adagio. CFD No. 2018-2 is generally located south of Green River Road, beyond Calle Del Oro and west of Paseo Grande.

Authorized Facilities and Bonds
CFD No. 2018-2 was formed to finance the costs of constructing and acquiring certain public facilities. The Authorized Facilities financed are: streets and road facilities, including street lights and traffic signals; law enforcement and fire protection facilities; library and park facilities; open space, public meeting facilities, aquatic center facilities; water facilities, and sewer facilities. CFD No. 2018-2 has one series of bonds, the 2022 Special Tax Bonds, Series A.

Funds Collected and Expended
The table below shows the amount of special taxes collected in Fiscal Year 2024 for the principal, interest and administrative expenses in the Calendar Year 2024.

Description Amount
FY 2024 Revenues
Special Taxes Levied $1,167,405
Less: Delinquency as of 6/30/2024 $12,953
Total Special Taxes Collected $1,154,452

2024 Expenditures
Bond Interest – 3/1/2024 $372,547
Bond Interest – 9/1/2024 $372,547
Bond Principal – 9/1/2024 $265,000
Administrative Expenses (1) $30,000
Total Expenditures $1,040,094

Ending Special Tax Fund Balance $114,358
(1) Amount allocated to Administrative Expenses and may not have been expended in its entirety.

Project Status
The requirements of the Act apply to the Improvement Fund of CFD No. 2018-2. The following table shows the initial amount deposited to the Improvement Fund, the amount expended, the June 30, 2024, Improvement Fund balance, and the project status. The amounts levied pay the administrative expenses, debt service (principal and interest), and remaining facilities eligible to be financed for CFD No. 2018-2.

District Series
Initial Deposit
Amount to
Improvement Fund
Expended
Amount
June 30, 2024
Balance(2)
Project
Status
CFD No. 2018-2 2022A $13,939,655.44 $4,104,568.98 $9,835,086.46 Ongoing (2) Balance includes interest.

Page 2021 of 2748 ends

Page 2022 of 2748 ends

City of Corona
Corona, California
Independent Accountants’ Report on
Applying Agreed-Upon Procedures to
Appropriations Limit Schedule
For the Year Ending June 30, 2024

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200 E. Sandpointe Avenue, Suite 600
Santa Ana, California 92707
INDEPENDENT ACCOUNTANTS’ REPORT ON

APPLYING AGREED-UPON PROCEDURES
To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California
We have performed the procedures enumerated below on the appropriation limit of the City of Corona, California (the “City”) for the year ending June 30, 2024. The City’s management is responsible for the Appropriations Limit Schedule.

The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose in meeting the requirements of Section 1.5 of Article XIII-B of the California Constitution, which was agreed to by the City and the League of California Cities (as presented int eh publication entitled Agreed-upon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution). This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.

The procedures and associated findings are as follows:

1. We obtained the completed worksheets used by the City to calculate its appropriations limit for the year ending June 30, 2024, and verified that the limit and annual calculation factors were adopted by resolution of the City Council. We also verified that the population and inflation options were selected by a recorded vote of the City Council.

Finding: No exceptions were noted as a result of our procedures.

2. For the accompanying Appropriations Limit Schedule, we added the prior year’s limit to the total adjustments, and agreed the resulting amount to the current year’s limit.

Finding: No exceptions were noted as a result of our procedures.

3. We verified the current year information presented in the accompanying Appropriations Limit Schedule to corresponding information in worksheets used by the City.

Finding: No exceptions were noted as a result of our procedures.

4. We verified the appropriations limit presented in the accompanying Appropriations Limit Schedule matched the appropriation limit adopted by the City Council.

Finding: No exceptions were noted as a result of our procedures.

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To the Honorable Mayor and the Members of City Council
of the City of Corona
Corona, California

Page 2 ends

2 We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the accompanying Appropriations Limit Schedule.

Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the City Council and the management of the City and is not intended to be and should not be used by anyone other than these specified parties.

Santa Ana, California
August 29, 2023

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City of Corona
Appropriations Limit Schedule
For the Year Ending June 30, 2024
See Accompanying Notes to the Appropriations Limit Schedule. 3 Amount Source
A. Appropriations Limit FY 2022-2023 672,159,530 $ Prior year appropriations limit adopted by the City
B. Calculation Factors:
1) Population increase % 1.0034 California Department of Finance 2) Inflation increase % 1.0444 California Department of Finance 3) Total adjustment % 1.0480 (B1 x B2)
C. Annual Adjustment Increase 32,234,094 {(B3-1) x A}
D. Other Adjustments:
1) Loss responsibility (-) - N/A
2) Transfer to private (-) - N/A
3) Transfer to fees (-) - N/A
4) Assumed responsibility (+) - N/A
E. Total Adjustments 32,234,094 (C + D)
F. Appropriations Limit FY 2023-2024 704,393,624 $ (A + E)

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City of Corona
Notes to the Appropriations Limit Schedule
For the Year Ending June 30, 2024
4 Note 1 – Purpose of Limited Procedures Review
Under Article XIIIB of the California Constitution (the Gann Spending Limitation Initiative), California governmental agencies are restricted as to the amount of annual appropriations from proceeds of taxes. Effective for years beginning on or after July 1, 1990, under Section 1.5 of Article XIIIB, the annual calculation of the appropriations limit is subject to an agreed upon procedures review in connection with the annual audit.

Note 2 – Method of Calculation
Under Section 10.5 of Article XIIIB, for fiscal years beginning on or after July 1990, the appropriations limit is required to be calculated based on the limit for the fiscal year 1986-87, adjusted for the inflation and population factors discussed in Notes 3 and 4 below.

Note 3 – Population Factors
A California governmental agency may use as its population factor either the annual percentage change of the jurisdiction’s own population or the annual percentage change in population of the county where the jurisdiction is located. The factor adopted by the City for the year ending June 30, 2024, represents the annual percentage change in population for the County.

Note 4 – Inflation Factors
A California governmental agency may use as its inflation factor either the annual percentage change in the 4th quarter per capita personal income (which percentage is supplied by the California Department of Finance) or the percentage change in the local assessment roll from the preceding year due to the change of local nonresidential construction. The factor adopted by the City for the year ending June 30, 2024, represents the annual percentage change for per capita personal income.

Note 5 – Other Adjustments
A California government agency may be required to adjust its appropriations limit when certain events occur, such as the transfer of responsibility for municipal services to, or from, another government agency or private entity. The City had no such adjustments for the year ending June 30, 2024.

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City of Corona
Corona, California
Independent Accountants’ Report on
Applying Agreed-Upon Procedures to
Investments
June 30, 2024

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200 E. Sandpointe Avenue, Suite 600
Santa Ana, California 92707
INDEPENDENT ACCOUNTANTS’ REPORT

ON APPLYING AGREED-UPON PROCEDURES
To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California
We have performed the procedures enumerated below on the investments of the City of Corona, California (the “City”) as of June 30, 2024. The City’s management is responsible for the investments.

The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose, which is assisting the City in evaluating the City’s investment processes, activities and degree of compliance with the State of California (the “State”) regulations and the City’s investment policy as of June 30, 2024. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.

The procedures and associated findings are as follows:

1. We obtained the City’s Monthly Investment Portfolio Report (the “Report”) as of June 30, 2024, agreed individual investments/deposits to supporting documentation obtained from the City, and reconciled such to the Report. We traced total investments listed on the Report to the City’s general ledger.

Finding: No exceptions were noted as a result of our procedures.

2. We compared the investments listed in the Report as of June 30, 2024 to the types of investments authorized for the year by the City’s investment policy and California Government Code Section 53601.

Finding: No exceptions were noted as a result of our procedures.

3. We compared the market value of the investments listed in the Report as of June 30, 2024 to investment statements and other supporting documentation.

Finding: No exceptions were noted as a result of our procedures.

4. We inspected the Report to ascertain if it contained the information/data required by California Government Code Section 53646 and met the timing requirements of Government Code Section 53646 as follows:
a. Included the type of investment, issuer, date of maturity, par and dollar amount invested on all securities, investments and monies held by the City.
b. Included those funds under management of contracted parties (fiscal agents, trustee, deferred compensation, plan administrators, etc.)
c. Included market value (and source) as of the date of the Report for all securities held by the City or under management of any outside party.
d. Stated the compliance of the portfolio to the investment policy of the City. e. Verified the timing requirements of the Report were met, in relation to Government Code Section 53646. f. Included a statement addressing the ability of the City to meet the pool’s expenditures requirements for the next six months.

Finding: No exceptions were noted as a result of our procedures.

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To the Honorable Mayor and the Members of City Council
of the City of Corona
Corona, California

Page 2 ends

2 5. We compared the investments listed in the Report as of June 30, 2024, to the prohibited investments listed in the California Government Code Section 53601.6.

Finding: No exceptions were noted as a result of our procedures.

6. We calculated the totals (cost basis) for the investment types listed in the Report as of June 30, 2024 and compared those totals to the limitations imposed by the City’s investment policy and California Government Code Section 53601 for specified investment types.

Finding: No exceptions were noted as a result of our procedures.

7. We agreed individual investment maturity dates listed in the Report as of June 30, 2024, to the City’s copies of investment statements to determine if they conform to the maturity requirements of the City’s investment policy and California Government Code Section 53601.

Finding: No exceptions were noted as a result of our procedures.

8. We obtained and inspected the third-party custodial agreements and broker/dealer agreements in effect at the date of the Report to identify if the agreements contained a clause addressing delivery of securities and that the delivery method conformed to California Government Code Section 53601.

Finding: No exceptions were noted as a result of our procedures.

We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the investments. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of City Council and management of the City and is not intended to be and should not be used by anyone other than those specified parties.

Santa Ana, California
November 21, 2024

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REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND

OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN

ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Independent Auditors Report
To the Honorable Mayor, City Council, and Citizens
of the City of Corona
Corona, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards), the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Corona, California (the City), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the Citys basic financial statements, and have issued our report thereon dated November 25, 2024.

Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Citys internal control over financial reporting (internal control) as a basis for designing the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Citys internal control. Accordingly, we do not express an opinion on the effectiveness of the Citys internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the Citys financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

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To the Honorable Mayor, City Council, and Citizens
of the City of Corona
Corona, California

Page 2 ends

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Citys financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entitys internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entitys internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Santa Ana, California
November 25, 2024

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Corona Housing Authority
Corona, California
Housing Successor Compliance and
Independent Auditors’ Report
For the Year Ended June 30, 2024

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Corona Housing Authority
Table of Contents
Page
Independent Auditors’ Report:

Report on Compliance for the Housing Successor; Report on Internal Control Over Compliance; and Report on the Schedule of Excess Surplus ......................................................... 1 Schedule of Excess Surplus ........................................................................................................................................ 4

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200 E. Sandpointe Avenue, Suite 600
Santa Ana, California 92707
REPORT ON COMPLIANCE FOR THE HOUSING SUCCESSOR; REPORT ON INTERNAL CONTROL OVER COMPLIANCE; AND REPORT ON THE SCHEDULE OF EXCESS SURPLUS Independent Auditors’ Report
To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California
Report on Compliance for the Housing Successor
Opinion on Compliance for the Housing Successor
We have audited Corona Housing Authority, a component unit of the City of Corona, California (the “City”), as the Housing Successor to the former Redevelopment Agency of the City of Corona’s (the “Housing Successor”) compliance with the type of compliance requirements described in the California Health and Safety Code sections applicable to the Housing Successor for the year ended June 30, 2024.

In our opinion, the Housing Successor complied, in all material respects, with the compliance requirements referred to above that are applicable to Housing Successor for the year ended June 30, 2024.

Basis for Opinion
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (“GAAS”); the standards applicable to financial audits contained in Government Auditing Standards (“Government Auditing Standards”) issued by the Comptroller General of the United States; and California Health and Safety Code sections applicable to the Housing Successor (the “Health and Safety Codes”). Our responsibilities under those standards and the Health and Safety Codes are further described in the Auditors’ Responsibilities for the Audit of Compliance section of our report.

We are required to be independent of the Housing Successor and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Our audit does not provide a legal determination of the Housing Successor's compliance with the compliance requirements referred to above.

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To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California

Page 2 ends

2 Auditors’ Responsibilities for the Audit of Compliance Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the Housing Successor's compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and the Health and Safety Codes will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the Housing Successor's compliance with the requirements of the government program as a whole.

In performing an audit in accordance with GAAS, Government Auditing Standards, and the Health and Safety Codes, we:
 exercise professional judgment and maintain professional skepticism throughout the audit.  identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the Housing Successor's compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.  obtain an understanding of the Housing Successor's internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Health and Safety Codes, but not for the purpose of expressing an opinion on the effectiveness of the Housing Successor's internal control over compliance.

Accordingly, no such opinion is expressed.

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To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California

Page 3 ends

3 Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

Accordingly, this report is not suitable for any other purpose.

Report on the Schedule of Excess Surplus
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements. We issued our report thereon dated November 25, 2024, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements. The accompanying Schedule of Excess Surplus is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain other procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the Schedule of Excess Surplus is fairly stated in all material respects in relation to the basic financial statements as a whole.

Santa Ana, California
November 25, 2024

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Corona Housing Authority
Schedule of Excess Surplus
For the Year Ended June 30, 2024
4 Opening Fund Balance 38,393,574 $
Less: Land held for resale (1,998,648)
Long term receivables (15,238,156)
Available Housing Successor Funds 21,156,770
Limitation (greater of $1,000,000 or four years deposits) Aggregate amount deposited for last four years:
2022-2023 900,480
2021-2022 7,801,457
2020-2021 632,172
2019-2020 919,410
Total $ 10,253,519
Greater amount 10,253,519
Computed Excess Surplus $ 10,903,251
Low and Moderate
Housing Funds
All project Area
July 1, 2023

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November 25, 2024
To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Corona, California (the City) for the year ended June 30, 2024. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated May 14, 2024. Professional standards also require that we communicate the following information related to our audit.

Significant Audit Matters
Qualitative Aspects of Accounting Practices
Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 to the basic financial statements. No new accounting policies were adopted and the application of existing policies was not changed during 2024. We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting estimates are an integral part of the financial statements prepared by management and are based on managements knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the Citys financial statements were:

Managements estimate of the investment fair market value is based on information provided by Bank of New York Mellon, the custodian of the investments based on interactive data. We evaluated the methods, assumptions and data used to develop the investment fair market value in determining that it is reasonable in relation to the financial statements taken as a whole.

Managements estimate of the depreciation and amortization on capital assets is based on the industry standard and past experience on actual useful life of the asset groups. We evaluated the key factors and assumptions used to develop the depreciation on capital assets in determining that it is reasonable in relation to the financial statements taken as a whole.

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To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California

Page 2 ends

Managements estimate of the net pension liabilities is based on the actuarial valuation on total pension liability and based on audited financial statements on fiduciary net position for CalPERS plans. We evaluated the key factors and assumptions used to develop the net pension liability in determining that it is reasonable in relation to the financial statements taken as a whole.

Managements estimate of the net other postemployment benefits (OPEB) liability is based on the actuarial valuation on total OPEB liability and financial statements on fiduciary net position. We evaluated the key factors and assumptions used to develop the OPEB liability in determining that it is reasonable in relation to the financial statements taken as a whole.

Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the financial statements were:

Note 1 Summary of Significant Accounting Policies
Note 2 Stewardship, Compliance and Accountability
Note 13 Pension Plan
Note 14 Other Postemployment Benefits (OPEB)
Note 17 Commitments and Contingencies
The financial statement disclosures are neutral, consistent, and clear.

Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performing and completing our audit.

Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Management has corrected all such misstatements. In addition, none of the misstatements detected as a result of audit procedures and corrected by management were material, either individually or in the aggregate, to each opinion units financial statements taken as a whole.

Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditors report.

We are pleased to report that no such disagreements arose during the course of our audit.

Management Representations
We have requested certain representations from management that are included in the management representation letter dated November 25, 2024.

Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a second opinion on certain situations. If a consultation involves application of an accounting principle to the Citys financial statements or a determination of the type of auditors opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

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To the Honorable Mayor, City Council and Citizens
of the City of Corona
Corona, California

Page 3 ends

Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the Citys auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention.

Other Matters
We applied certain limited procedures to the Managements Discussion & Analysis, Budgetary Comparison Schedules, Modified Approach for City Streets Infrastructure Capital Assets, the Schedule of Changes in Net Pension Liability and Related Ratios, the Schedule of the Citys Proportionate Share of the Net Pension Liability and Related Ratios, the Schedules of Contributions Pensions, the Schedules of Changes in Net OPEB Liability and Related Ratios, and Schedules of Contributions Other Postemployment Benefits, which are Required Supplementary Information (RSI) that supplement the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with managements responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI.

We were engaged to report on the Combining and Individual Fund Financial Statements, which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.

We were not engaged to report on the Introductory and the Statistical Sections, which accompany the financial statements but are not RSI. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it.

Restriction on Use
This information is intended solely for the information and use of the City Council and management of the City and is not intended to be, and should not be, used by anyone other than these specified parties.

Very truly yours,
Santa Ana, California

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DATE: 12/04/2024
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
2024-160

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

SPECIFIC PLAN AMENDMENT 2024-0002 AMENDING THE DOWNTOWN REVITALIZATION SPECIFIC PLAN (SP98-01) TO COMPREHENSIVELY AMEND THE

DEVELOPMENT STANDARDS, DESIGN GUIDELINES, AND PUBLIC

STREETSCAPES FOR THE DOWNTOWN DISTRICT AND OTHER COMMERCIAL AND BUSINESS PARK DISTRICTS OF THE SPECIFIC PLAN; EXPAND THE

BOUNDARY OF THE SPECIFIC PLAN, SOUTH OF THE SOUTHERLY PORTION OF GRAND BOULEVARD, TO INCLUDE EXISTING RESIDENTIAL PROPERTIES;

REPLACE OUTDATED INFORMATION AND CHANGE THE APPEARANCE AND GRAPHICS OF THE SPECIFIC PLAN DOCUMENT (APPLICANT: CITY OF CORONA) EXECUTIVE SUMMARY:

This staff report asks the City Council to approve Specific Plan Amendment 2024-0002 (SPA2024-0002) as recommended by the Planning and Housing Commission amending the Downtown Revitalization Specific Plan. The specific plan amendment reflects the City’s effort to redevelop the Downtown core in and around the aging Corona Mall, and the public streetscape enhancements on Sixth Street within the Grand Boulevard Circle.

RECOMMENDED ACTION:

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That the City Council:
a. Approve Specific Plan Amendment 2024-0002, as recommended by the Planning and Housing Commission.
b. Introduce, by title only, and waive full reading of consideration of Ordinance No. 3407, first reading of an ordinance adopting an addendum to the Environmental Impact Report for the Corona General Plan Technical Update (SCH # 2018081039) and the Environmental Impact Report for the Corona Redevelopment/ Downtown Specific Plan (SCH # 97071021), approving an amendment to the Downtown Revitalization Specific Plan (SP98-01) to: (1) comprehensively amend the development standards, design guidelines and public streetscapes; (2) expand the boundaries of the Specific Plan; and (3) amend and add corresponding changes to associated text and exhibits within the Specific Plan (SPA2024-0002).

BACKGROUND & HISTORY:

The Downtown Revitalization Specific Plan was adopted in 1998 and encompasses 621 acres. The boundary of the specific plan covers the properties within the Grand Boulevard Circle, certain properties on the outskirts of Grand Boulevard, and along Sixth Street between Lincoln Avenue to the west and the Flood Control Channel to the east. The specific plan zoning consists of residential and various commercial districts including a Downtown District and a business park district.

The Corona General Plan 2020-2040 identifies the City’s Downtown as an opportunity district for redevelopment and includes General Plan Goal LU-17 and Policies LU-17.1 through LU-17.22 related to the redevelopment and image of Downtown.

In 2020, the City’s Economic Development Department prepared a Downtown Revitalization Plan (DRP) and DRP Design Guidelines that reassessed the current condition of Downtown and examined the current market condition related to retail development. The DRP and Design Guidelines outreach involved a public meeting, the distribution of a survey which resulted in 2,400 responses, and discussions at the City Council study sessions. The final DRP and Design Guidelines were presented as a report to the City Council in 2022.

In December 2023, the City’s Planning and Development Department initiated the preparation of an amendment to the Downtown Revitalization Specific Plan, which is the regulatory document that governs the land uses and development standards for the properties located in the specific plan. The amendment to the specific plan is to implement the recommendations of the DRP Design Guidelines in addition to the following: a) amend the development standards and design guidelines, b) expand the boundary of the specific plan to include an additional 497 residential properties located generally south of the southern portion of Grand Boulevard, c) replace outdated

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infrastructure information, d) update street sections, e) update the implementation and appendices chapters, f) replace graphics throughout the document, and g) change the format and appearance of the document.

At the beginning of the specific plan amendment process in February/March 2024, stakeholder interviews were conducted with the following groups.  Economic Development Department
 Public Works
 Planning Commissioners (two members)
 Private real estate group (Calvert Properties)
 Corona Historical Preservation Society
 Corona History Association
 Corona Regional Medical Center
The specific stakeholder interviews were done as an extension of the outreach efforts already conducted during the DRP process.

Staff presented an overview of the update on the specific plan amendment to the City Council at its study session on September 18, 2024.

SPA2024-0002 was reviewed by the Planning and Housing Commission at its meeting on November 13, 2024, and recommended for approval to the City Council.

ANALYSIS:

Like the existing Downtown Revitalization Specific Plan, the vision for the Downtown remains the same with the proposed amendment. The vision for the Downtown is to function as the heart of the community, be a vibrant, walkable place featuring a complementary mix of uses, feature memorable streetscapes and outdoor gathering spaces, and have new development be respectful of the traditional town center character.

All the chapters in the specific plan were reorganized and updated with new information and graphics. Table 1 describes the outline of the chapters, and the information included in the specific plan.

Table 1
Downtown Revitalization Specific Plan Organization

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Chapter Description
Chapter 1:

Introduction
Covers the organization of the specific
plan, the geographical area of the specific
plan boundary, and the plan’s purpose and
authority.

Chapter 2:

Vision & Framework
Discusses the vision for the Downtown,
the community engagement process,
consistency with the City’s General Plan,
and strategies from the 2022 Downtown
Revitalization Plan and design guidelines.

Chapter 3:

Land Use & Development Standards
Identifies the specific plan’s land use
districts (zoning) and allowable land uses,
onsite development standards related to
building setbacks from property lines, and
other onsite requirements for building
frontages, open space, landscaping,
outdoor dining, signage, outdoor displays,
mixed-use and live/work units, and
parking.

Chapter 4:

Design Guidelines
Covers the design guidelines for the
Downtown core properties and the other
districts located in the specific plan, and
guidelines related to landscaping,
signage, and lighting.

Chapter 5:

Circulation
Discusses the circulation network within
the specific plan.

Chapter 6:

Infrastructure
Discusses the infrastructure within the
specific plan related to water, sewer, storm
drainage, and dry utilities.

Chapter 7:

Public Streetscapes & Public Space
Discusses design recommendations for
public streetscapes and public areas such
as sidewalks, midblock crossings and
crosswalks, paving designs and street
furniture, street sections, public signage
and gateway signage.

Chapter 8:

Administration & Implementation
Discusses the administrative processes
for the review of proposed land uses and
development, decisions that are
considered in substantial conformance
with the specific plan’s objectives and
intent, nonconforming uses, and common
funding sources for infrastructure
improvements.

Chapter 9:

Appendices
Includes a glossary and table of past
specific plan amendments.

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Specific Plan Boundary Expansion
The original 1998 specific plan boundary covered 621 acres. The proposed specific plan amendment expands the boundary of the specific plan to include additional residential properties generally located south of the southern portion of Grand Boulevard, increasing the area of the specific plan boundary to 700 acres. These properties represent traditional neighborhoods associated with Corona’s history like other residential neighborhoods within Grand Boulevard. The residential densities of the properties remain the same with the specific plan zoning applied to the properties.

Development Standards
The development standards are separated by the land use districts shown on the Land Use Regulating Plan in Figure 3-1 of the specific plan document. The land use districts include:
 Downtown (D)
 Transitional Commercial (TC)
 General Commercial (GC)
 Community Services (CS)
 Gateway Business (GB)
 Business Park (BP)
 Residential Office (RO)
 Residential: Single Family (SF), Residential 2 (R2), Multi-Family Residential (MF)  Park (P)
 School (S)
The development standards regulate the building setbacks, height, and coverage, which are shown in Table 3-2 of the specific plan document. The development standards allow the buildings closer to the front of the sidewalk to encourage sidewalk storefronts, outdoor displays, and outdoor dining.

Multistory Building Stepback
The development standards also include requirements for building stepbacks on the upper floors of a multi-story building adjacent to Sixth Street and a residential zone. The stepback requirements are shown in Tables 3-3 and 3-4 of the specific plan document. If a building is higher than three stories, the fourth floor is required to be stepped back 10 feet from the third floor for at least 70 percent of the building façade facing Sixth Street.

This same scenario applies to the fifth floor with the stepback required from the fourth floor. No additional stepback is required beyond the fifth floor. When a multi-story building is adjacent to a residential zone, the same requirement applies except that it applies to 100 percent of the building façade facing the residential zone.

Other Development Standards
The development standards also include open space requirements, landscape standards, parking requirements and standards, and special use regulations for outdoor dining,

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signage, outdoor display of merchandise, mixed use (commercial and residential) and live/work units.

Design Guidelines
The design guidelines for each land use district are separated according to the following categories listed in Chapter 4.

Table 2
Design Guidelines Classification
Name Applicable Land Use Districts
Downtown Core Guidelines D, CS, TC, GB
Commercial Guidelines GC
Light Industrial/Business Park Guidelines BP
General Residential Guidelines RO, SF, R2 and MF
The design guidelines complement the development standards in Chapter 3. The context of the design guidelines is to create visual appeal and architectural diversity that is reminiscent of a traditional downtown environment by using building materials and architectural elements that are historically common in the area.

The design guidelines apply to new development and to the exterior rehabilitation of existing development that will extensively change the appearance of the existing structure or the onsite design of the property. The design guidelines address:
 Site planning such as building placement and orientation, the location of parking, circulation, and the location of service areas associated with loading activities and storage.
 Building design such as character and quality of materials, façade articulation, location of entrances, transparency, roof design, and building materials.  Supplemental guidelines for parking structures, storefront designs, sidewalk dining, and buildings with drive-through services.

FINANCIAL IMPACT:

SPA2024-0002 is an application by the City. Therefore, no application fees were paid for the processing of this application.

ENVIRONMENTAL ANALYSIS:

The City prepared an initial study for the project and has concluded that the project does not include substantial changes to the project analyzed under the 2019 Corona General Plan Technical Update Environmental Impact Report (SCH No. 2018081039), and the 1998 Corona Redevelopment/Downtown Specific Plan Final Program Environmental Impact Report (SCH No. 97071021), and none of the conditions described in CEQA Guidelines Section 15162 calling for the preparation of a subsequent EIR exist. Therefore,

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according to CEQA Guidelines Section 15164, the initial study serves as an Addendum to the 1998 Corona Redevelopment/Downtown Specific Plan Final Program Environmental Impact Report (SCH No. 97071021), and 2019 Corona General Plan Technical Update Environmental Impact Report (SCH No. 2018081039).

PREPARED BY: JOANNE COLETTA, PLANNING AND DEVELOPMENT DIRECTOR ATTACHMENTS:

1. Exhibit 1 – Ordinance No. 3407

2. Exhibit 2 – Planning and Housing Commission staff report

3. Exhibit 3– Draft minutes of the Planning and Housing Commission meeting of November 13, 2024

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ORDINANCE NO. 3407

AN ORDINANCE OF THE CITY OF CORONA,

CALIFORNIA, ADOPTING AN ADDENDUM TO THE

ENVIRONMENTAL IMPACT REPORT FOR THE
CORONA GENERAL PLAN TECHNICAL UPDATE (SCH #
2018081039) AND THE ENVIRONMENTAL IMPACT

REPORT FOR THE CORONA REDEVELOPMENT/
DOWNTOWN SPECIFIC PLAN (SCH # 97071021)

APPROVING AN AMENDMENT TO THE DOWNTOWN
REVITALIZATION SPECIFIC PLAN (SP98-01) TO: (1)

COMPREHENSIVELY AMEND THE DEVELOPMENT

STANDARDS, DESIGN GUIDELINES AND PUBLIC
STREETSCAPES; (2) EXPAND THE BOUNDARIES OF
THE SPECIFIC PLAN; AND (3) AMEND AND ADD

CORRESPONDING CHANGES TO ASSOCIATED TEXT
AND EXHIBITS WITHIN THE SPECIFIC PLAN (SPA2024-
0002).

WHEREAS, on November 13, 2024, the Planning and Housing Commission of the City of Corona (“Planning Commission”) recommended that the City Council of the City of Corona (“City Council”) approve SPA2024-0002, an amendment to the Downtown Revitalization Specific Plan (SP98-01) to comprehensively amend the development standards, design guidelines, and public streetscapes for the Downtown District and other commercial and business park districts of the Specific Plan; expand the boundary of the Specific Plan, south of the southerly portion of Grand Boulevard, to include additional residential properties consistent with the existing residential density of the General Plan; make other corresponding amendments and additions to the text and exhibits within the Specific Plan (the “Amendment”); and WHEREAS, on June 3, 2020, the City Council of the City of Corona (“City”) adopted Resolution No. 2020-036 certifying a Final Environmental Impact Report for the Corona General Plan Technical Update (SCH # 2018081039) (“General Plan EIR”), made findings of fact and adopted a Statement of Overriding Considerations and a Mitigation Monitoring and Reporting Program; and
WHEREAS, on June 17, 1998, the former Redevelopment Agency of the City Corona adopted Resolution No. 98-09 certifying a Final Environmental Impact Report for the Corona Redevelopment/Downtown Specific Plan (SCH # 97071021) (“Specific Plan EIR”), made findings of fact and adopted a Mitigation Monitoring and Reporting Program; and WHEREAS, in accordance with the requirements of the California Environmental Quality Act (Pub. Res. Code Section 21000 et seq.), together with the State Guidelines (14 Cal. Code Regs. Section 15000 et seq.) and local guidelines implementing said Act (collectively, “CEQA”), the City prepared an environmental evaluation to analyze the

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2 potential environmental impacts associated with the Amendment and determine whether such impacts were adequately addressed in the General Plan EIR and the Specific Plan EIR. The evaluation indicated that the Amendment will not result in impacts beyond what was previously analyzed in the General Plan EIR and the Specific Plan EIR, will not require additional mitigation measures not otherwise included in the General Plan EIR and Specific Plan EIR because the Amendment will not have new or substantially more severe significant environmental impacts and none of the conditions described in CEQA Guidelines Section 15162 calling for the preparation of a subsequent EIR has occurred. Therefore, the City prepared an addendum to the General Plan EIR and the Specific Plan EIR for the Downtown Revitalization Specific Plan Update (“Addendum”), attached hereto as Exhibit “A” and incorporated herein by reference; and
WHEREAS, the Planning Commission based its recommendation to adopt the Amendment on the findings set forth below and the adoption of the Addendum; and WHEREAS, on December 4, 2024, the City Council held a duly noticed public hearing at which all persons wishing to testify in connection with the Amendment were heard and the Amendment was comprehensively reviewed.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CORONA, CALIFORNIA DOES ORDAIN AS FOLLOWS:

SECTION 1. CEQA Findings. The City Council has reviewed and considered the information contained in the Addendum and all written and oral evidence received and presented concerning the Amendment. Based on the entire record before it and all written and oral evidence received and presented, the City Council has determined that the Addendum constitute an adequate, accurate, objective, and complete review of the Amendment and finds that no additional environmental review is required based on the reasons set forth below:

A. No substantial changes are proposed by the Amendment that will require major revisions of the General Plan EIR or the Specific Plan EIR due to the involvement of new significant environmental effects or a substantial increase in the severity of previously identified significant effects.

B. No substantial changes have occurred with respect to the circumstances under which the Amendment will be undertaken which will require major revisions to the General Plan EIR or the Specific Plan EIR due to the involvement of new significant environmental effects or a substantial increase in the severity of previously identified significant effects.

C. No new information of substantial importance has been found that shows any of the following:

1. The Amendment will have one or more significant effects not discussed in the General Plan EIR or the Specific Plan EIR;

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3 2. Significant effects previously examined will be substantially more severe than shown in the General Plan EIR or the Specific Plan EIR;

3. Mitigation measures previously found to be infeasible would in fact be feasible and would substantially reduce one or more significant effects of the Amendment; or

4. Mitigation measures which are considerably different from those analyzed in the General Plan EIR or the Specific Plan EIR would substantially reduce one or more significant effects on the environment.

SECTION 2. Adoption of Addendum to General Plan EIR and Specific Plan EIR. The City Council hereby approves and adopts the Addendum to the General Plan EIR and Specific Plan EIR prepared for the Downtown Revitalization Specific Plan Update.

SECTION 3. Zoning Findings. Pursuant to Sections 17.53.090 and 17.53.100 of the Corona Municipal Code, Section (B)(9) of Chapter VIII of the Downtown Revitalization Specific Plan, and based on the entire record before the City Council, including all written and oral evidence presented to the City Council, the City Council hereby makes and adopts the following findings:

A. SPA2024-0002 systematically implements and is consistent with the General Plan for the following reasons:
(i) This Amendment is consistent with Goal LU-17 of the General Plan because it implements the vision for the Downtown as a revitalized centerpiece of the community identity, history and culture, and governance known for its diverse and eclectic physical development and form, vibrant economy, historic character, and pedestrian activity. (ii) This Amendment is consistent with Policy LU-17.1 through 17.22 of the General Plan because it establishes regulations within the Downtown governing land use, development standards, design guidelines, infrastructure, circulation, public streetscapes, and implementation procedures.

B. SPA2024-0002 provides for development of a comprehensively planned project that is superior to development otherwise allowed under the conventional zoning classifications for the following reason:
(i) This Amendment provides development standards and design guidelines that will restore the physical presence of the Downtown as a multifaceted town center.

C. SPA2024-0002 provides for the construction, improvement, or extension of transportation facilities, public utilities and public services required by the long-term needs of the project and/or other area residents, and complements the orderly development of the City beyond the project’s boundaries for the following reason:

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4 (i) This Amendment includes an infrastructure plan for the Downtown covering water, sewer, storm drain, and dry utilities, and the future improvements to the infrastructure as redevelopment intensifies within the Downtown.

D. SPA2024-0002 provides for the appropriate orientation and relationship between land uses within and adjacent to the project for the following reason:
(i) This Amendment places most of the commercial land uses along the frontages of Main Street and Sixth Street, which are the core commercial corridors of the Downtown Revitalization Specific Plan and is an extension of the commercial land uses located on North Main Street and Sixth Street beyond the specific plan boundary with historic residential land uses located behind the commercial land uses.

E. SPA2024-0002 is consistent with the goals, policies and planning concepts of the Downtown Revitalization Specific Plan for the following reasons:
(i) This Amendment establishes development standards and design guidelines that give Downtown a unique identity in creating a sense of place derived from its traditional character and preservation of historic resources and neighborhoods, which is intended to promote a traditional town center that is walkable and contains a complementary mix of uses that will attract residents and visitors.

SECTION 4. Approval of the Amendment (SPA2024-0002). The Amendment to the Downtown Revitalization Specific Plan (SPA2024-0002) is hereby approved. The Downtown Revitalization Specific Plan (SP98-01) is hereby amended in its entirety as shown in Exhibit “B” attached to this Ordinance and incorporated herein by reference.

SECTION 5. Custodian of Records. The documents and materials that constitute the record of proceedings on which these findings are based are located at City Hall for the City of Corona, located at 400 S. Vicentia Avenue, Corona, California. Joanne Coletta, Planning and Development Director, is the custodian of the record of proceedings.

SECTION 6. Effective Date of Ordinance. The Mayor shall sign this Ordinance and the City Clerk shall attest thereto and shall within fifteen (15) days of its adoption cause it, or a summary of it, to be published in a general circulation newspaper published in the City of Corona. This Ordinance shall take effect and be in force on the 30th day after its adoption.

PASSED, APPROVED AND ADOPTED this 15
th day of January, 2025.
______________________________________
Mayor of the City of Corona, California
ATTEST:
___________________________________
City Clerk of the City of Corona, California

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5 CERTIFICATION
I, Sylvia Edwards, City Clerk of the City of Corona, California, do hereby certify that the foregoing Ordinance was regularly introduced at a regular meeting of the City Council of the City of Corona, California, duly held the 4
th day of December, 2024, and thereafter at a
regular meeting held on the 15
th day of January, 2025, it was duly passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Corona, California, this 15
th day of January, 2025.
_____________________________________
City Clerk of the City of Corona, California
[SEAL]

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6 SUMMARY
On January 15, 2025, the Corona City Council will consider adopting an ordinance to amend the Downtown Revitalization Specific Plan (SP98-01) to comprehensively amend the development standards, design guidelines, and public streetscapes for the Downtown District and other commercial and business park districts of the Specific Plan; expand the boundary of the Specific Plan, south of the southerly portion of Grand Boulevard, to include additional residential properties consistent with the existing residential density of the General Plan; make other corresponding amendments and additions to the text and exhibits within the Specific Plan.

A certified copy of the full text of this proposed ordinance is posted in the City Clerk’s office.

The City Council meets at 6:30 p.m. in the Council Chambers in the Corona City Hall, located at 400 South Vicentia Avenue. The City Clerk’s office is located in City Hall near the Council Chambers.

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7 EXHIBIT “A”

ADDENDUM TO GENERAL PLAN EIR AND SPECIFIC PLAN EIR
FOR

DOWNTOWN REVITALIZATION SPECIFIC PLAN UPDATE
(SEE ATTACHED THIRTY-SEVEN (37) PAGES)

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i
Initial Study/Addendum to the
Corona General Plan 2020-2040 EIR &
Downtown Corona Revitalization Specific Plan EIR
For The

DOWNTOWN REVITALIZATION SPECIFIC PLAN UPDATE
(SPU)
(SPA2024-0002)
City of Corona
Prepared for:

City of Corona
Planning and Development
400 S. Vicentia Ave, Suite 120
Corona, CA 92880
October 30, 2024
Prepared by:

Interwest Consulting Group
1 Jenner, Suite 160,
Irvine, CA 92618

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ii
Table of Contents
Section Page

1. Introduction............................................................................................................................iii

2. Project Description.................................................................................................................iii

3. Environmental Impact Analysis ...............................................................................................1 I. Aesthetics ..........................................................................................................................1 II. Agriculture and Forestry Resources ..................................................................................3 III. Air Quality .........................................................................................................................4 IV. Biological Resources .........................................................................................................5 V. Cultural Resources ............................................................................................................8 VI. Energy ...............................................................................................................................9 VII. Geology and Soils ............................................................................................................11 VIII. Greenhouse Gas Emissions .............................................................................................12 IX. Hazards and Hazardous Materials...................................................................................14 X. Hydrology and Water Quality .........................................................................................17 XI. Land Use and Planning....................................................................................................19 XII. Mineral Resources...........................................................................................................22 XIII. Noise ...............................................................................................................................22 XIV. Population and Housing .................................................................................................24 XV. Public Services ................................................................................................................25 XVI. Recreation ......................................................................................................................25 XVII. Transportation................................................................................................................26 XVIII. Tribal Cultural Resources................................................................................................27 XIX. Utilities and Service Systems..........................................................................................28 XX. Wildfire...........................................................................................................................29 XXI. Mandatory Findings of Significance................................................................................30 List of Figures
Figure Page

1. Regional Location Map...........................................................................................................vi

2. Proposed Land Use Plan.........................................................................................................vii

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iii

1. INTRODUCTION
This Initial Study (IS) evaluates potential environmental effects associated with the proposed Downtown Revitalization Specific Plan Update (SPU) (“the Project”).

The Project is subject to the California Environmental Quality Act (CEQA). Therefore, this document has been prepared in compliance with the relevant provisions of CEQA (Public Resources Code Section 21000 et seq.) and the CEQA Guidelines (Title 14, California Code of Regulations, Section 15000 et seq.) as implemented by the City of Corona (City) as the Lead Agency.

CEQA was enacted with several basic purposes: (1) to inform governmental decision makers and the public about the potential significant environmental effects of proposed projects; (2) to identify ways that environmental damage can be avoided or significantly reduced; (3) to prevent significant, avoidable damage to the environment by requiring changes in projects through the use of feasible alternatives or mitigation measures; and (4) to disclose to the public the reasons for a project approval when significant environmental effects are anticipated.

An IS is a preliminary analysis conducted by the Lead Agency, in consultation with other agencies (responsible or trustee agencies, as applicable), to determine whether there is substantial evidence that a project may have a significant effect on the environment. If the IS concludes that the Project, with mitigation, may have a significant effect on the environment, an Environmental Impact Report should be prepared.

Based on the analysis provided within this IS, the City has concluded that the Project does not include substantial changes to the project analyzed under the 2019 Corona General Plan Technical Update Draft Environmental Impact Report (SCH No. 2018081039), and the 1998 Corona Redevelopment/Downtown Specific Plan Final Program Environmental Impact Report (SCH No. 97071021), and none of the conditions described in CEQA Guidelines Section 15162 calling for the preparation of a subsequent EIR has occurred. Therefore, the City, as CEQA Lead Agency may approve this IS as an Addendum to the 1998 Corona Redevelopment/Downtown Specific Plan Final Program Environmental Impact Report (SCH No. 97071021), and 2019 Corona General Plan Technical Update Draft Environmental Impact Report (SCH No. 2018081039) in compliance with CEQA Guidelines Section 15164.

2. PROJECT DESCRIPTION

PROJECT LOCATION
The City of Corona is located in northwestern Riverside County (see Figure 1). It is centrally located with respect to Orange County, Ontario International Airport, and downtown Riverside, and is served by Interstate 15 and State Route 91.

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SPECIFIC PLAN AREA
Planning Area Boundary: The Specific Plan boundary (“planning area”) encompasses approximately 700 acres (just over 1.1 square miles), generally centered on the intersection of Sixth Street and Main Street at the heart of the Grand Boulevard Circle. Largely situated within a three-quarter (3/4) mile radius of this intersection, which approximately represents a 15 to 20-minute walking radius. The planning area also takes in an area that may be described as the “Greater Downtown” which runs along the Sixth Street commercial corridor from Lincoln Avenue on the west to the Temescal Wash on the east and extends along Main Street from the Grand Boulevard Circle, slightly north of the Riverside Freeway, to West Burr Street to the south.

Boundary Expansion: The Specific Plan boundaries as described, represent an expansion of the boundaries established in the Downtown Revitalization Specific Plan as initially adopted. This expansion is based on community input received during the DRP planning process, and its analysis of existing conditions which evaluated strengths and weaknesses of the Downtown, its area of influence and properties in need of improvement. The expanded boundaries primarily take in residential properties south of the Grand Boulevard Circle. These properties represent traditional neighborhoods associated with Corona’s history which is similar to other residential neighborhoods within Grand Boulevard.

SPECIFIC PLAN PURPOSE
The intent of the updated Downtown Revitalization Specific Plan is to implement the vision for Downtown as refined and established by the General Plan 2020 -2040 and the Downtown Revitalization Plan, addressing changing conditions and evolving opportunities. More specifically, the Specific Plan formulates policies; designates and regulates land uses; establishes developments standards and design guidelines; presents a framework for the design of streets and public space; and describes strategies and actions to revitalize the area. The overall major objectives of the Specific Plan are as follows:

1. Promote Downtown as the compelling heart of the community, the governmental, cultural, commercial, social, and recreational hub of the community.

2. Provide an environment for local history, arts, and culture to flourish and become an integral and cherished feature of Downtown.

3. Stimulate economic development and reinvestment in the Downtown.

4. Support economic activity compatible with the character and scale of the traditional downtown environment.

5. Encourage high-quality development that will achieve the vision of the General Plan 2020 - 2040 and the Downtown Corona Revitalization Plan.

6. Establish place-based zoning regulations and design guidelines that promote development and design compatible with their surroundings.

7. Create a pedestrian friendly environment, encompassing enhanced streetscapes and engaging public outdoor spaces.

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8. Preserve and enhance Downtown’s residential neighborhoods, including the preservation and restoration of historic homes, while accommodating new housing that is in keeping with the traditional character of the neighborhood.

9. Identify and provide needed public facilities and community amenities.

AUTHORITY
The Downtown Revitalization Specific Plan is established through the authority granted to the City of Corona by the California Government Code, Title 7, Division 1, Chapter 3, Article 8, Sections 65450 through 65457 (Specific Plans).

The Specific Plan will serve as the regulatory document governing zoning, development standards, and permitted land uses. Where the specific plan is silent, the provisions of the Zoning Code in Title 17 of the Corona Municipal Code shall prevail.

The Downtown Revitalization Specific Plan will also align with other master plans of the city, including but not limited to the General Plan, storm drain master plan, water master plan, sewer master plan and bicycle master plan. The Specific Plan may be amended to further systematic implementation of the Corona General Plan.

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vi
Figure 1 - Regional Location Map

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vii
Figure 2- Proposed Land Use Plan

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City of Corona Downtown Revitalization Specific Plan Update 2024 1 ENVIRONMENTAL ANALYSIS
The sources relied upon to complete this CEQA Initial Study include the 2019 Corona General Plan Technical Update Draft Environmental Impact Report (SCH No. 2018081039), and the 1998 Corona Redevelopment/Downtown Specific Plan Final Program Environmental Impact Report (SCH No. 97071021).

Potentially
Significant
Impact
Less Than
Significant
Impact With
Mitigation
Measures
Incorporated
Less Than
Significant
Impact
No Impact
I AESTHETICS. Would the Project:
a) Have a substantial adverse effect on a scenic vista?     b) Substantially damage scenic resources, including,
but not limited to, trees, rock outcroppings, and
historic buildings within a state scenic highway?
   
c) In non-urbanized areas, substantially degrade the
existing visual character or quality of public views
of the site and its surroundings? (Public views are
those that are experienced from publicly accessible
vantage point). If the project is in an urbanized
area, would the project conflict with applicable
zoning and other regulations governing scenic
quality?
   
d) Create a new source of substantial light or glare
that would adversely affect day or nighttime views
in the area?
   
a)-c) The City of Corona benefits from a wide variety of scenic vistas. The wide-open vistas are associated with natural features that dominate the visual image of the City. Internally, the visual elements of major arterials, such as Grand Boulevard, provide unique vistas that characterize individual neighborhoods. Significant vistas include:
▪ The Prado Basin views from Sierra del Oro, which encompass the basin on the south and canyon areas on the west. This view is also seen from Highway 71 near the intersection of State Route 91.
▪ The view south to the Santa Ana Mountains from the I-15/SR-91 freeway interchange. ▪ The southern view of the foothills from major north-south streets south of Ontario Avenue. ▪ The views of the San Gabriel Mountains from the higher elevations south of Ontario Avenue.

Eagle Glen in eastern Corona provides views of scenic vistas in the City. Eagle Glen Parkway runs along the top of the west slope of Eagle Glen. Another scenic road is Palisades Drive/Green River Road south of the SR-71/SR-91 interchange. This corridor passes through a narrow canyon slot. Views from South Corona, including Ontario Avenue and Foothill Boulevard that traverse the higher slope areas, provide views looking north. This includes the Prado Basin on the west and the hills and valleys leading to the San Bernardino Mountains in the north and east.

Visual resources in the City and SOI include scenic mountain views, and scenic corridors.

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City of Corona Downtown Revitalization Specific Plan Update 2024 2 ▪ Scenic Mountain Views. Corona features scenic mountain views of Chino Hills State Park and Prado Basin to the northwest, San Bernardino Mountains to the north, Cleveland National Forest to the west, Santa Ana Mountains to the south, and Gavilan Hills to the east. The Santa Ana and San Bernardino Mountains and Chino Hills are visible from all parts of the City and dominate most viewsheds from within the City except views to the north, which provide sweeping views of the heavily vegetated Prado Basin. The mountains frame the views of the City from the major entry points along SR-91 to the east and west, and I-15 from the north and south. The rural environment and open space areas in the far southern and eastern portions of Corona afford its residents clear views of scenic and natural resources. ▪ Scenic Corridors. There are no officially designated state scenic highways in the City.

However, SR-72, I-15, and the portion of SR-91 west of the SR-91/I-15 interchange are designated eligible to be state scenic highways, according to the California Scenic Highway Mapping System (Caltrans 2024). The General Plan Update identifies six locally designated scenic highways in the City as well as the three state-eligible scenic highways as “scenic corridors” in the City and SOI. Land uses near I-15 and SR-91 and the scenic corridors listed predominantly include industrial, commercial, single-family residential, multifamily residential, vacant land, office, educational facilities, public open space/parks, and religious facilities. Views from these scenic corridors include the City’s historic core, estates, and associated landscaping and mature trees; the Santa Ana Mountains; the low foothills of the San Bernardino Mountains; the Chino Hills and the preserved hillsides on the western edge of Chino Hills State Park; the Santa Ana Canyon; Temescal Valley; and the Gavilan Plateau.

The Downtown Revitalization Specific Plan encompasses the origin of the city which is urbanized with residential and nonresidential land uses and public infrastructure. Like the existing specific plan, the Downtown Revitalization Specific Plan Update (SPU) includes design guidelines that are to heighten the visual appeal of the Downtown, promote designs and building materials that are reminiscent of Corona’s past, promote proportionate façade details, and beautify the appearance of public streetscapes using a consistent planting of street trees. New developments, other than residential projects having less than five units, resulting from the SPU implementation will be subject to discretionary design review by the Corona Planning and Housing Commission. The design guidelines of the SPU guide project proponents on the required design standards for new buildings and rehabilitation projects that will extensively change the existing appearance of the building. The design guidelines communicate the City’s required qualities and characteristics of development, which are intended to promote development that is compatible with Corona's vision for Downtown. The SPU, when adopted, will regulate and guide future development, including landscaping and public infrastructure within the boundary of the specific plan. Therefore, the project will have no impacts on scenic vistas, scenic resources, or visual character.

d) Sources of light and glare in the City include building lighting (interior and exterior), security lighting, sign illumination, ballfield lighting and parking-area lighting. These sources are mostly associated with the residential, commercial, and industrial uses and the larger community parks in the more developed areas of the City. Other sources of nighttime light and glare include streetlights, vehicular traffic along surrounding roadways, and ambient lighting from surrounding communities.

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City of Corona Downtown Revitalization Specific Plan Update 2024 3 Sources of light and glare from new developments, residents, and employees would include lighting needed to provide nighttime street and building illumination, security lighting, traffic sign illumination, lighting in parking areas, lighting associated with construction activities, and ambient lighting from surrounding communities. This would likely introduce new significant sources of light and glare. However, development and redevelopment projects in the City would be required to comply with Specific Plan lighting guidelines and the residential and commercial and industrial landscape design guidelines, which consider accent lighting and lighting in the City’s landscape assessment districts. Chapter 17.76 of the municipal code ensures that lighting in parking areas is designed and arranged to minimize the effects of spill light and indicates that all exterior lighting be directed downward to minimize spillover onto adjacent properties, sensitive land uses, and open space areas.

The SPU includes updated development standards, and design guidelines for both private development and the public realm to implement the vision of the plan. The SPU does not change the land use designations (zoning), the General Plan designations, or the allowable land uses. The SPU will expand the southern boundary of the specific plan to include 497 parcels that are zoned single family and low-density multiple family residential, mostly consisting of existing residential units with vacant infill parcels scattered throughout. The residential neighborhoods are characteristic of Downtown Corona and contain several properties that are listed as local historic landmarks. The zoning and General Plan designations of the added parcels will remain the same. New development, other than residential projects having less than five units, resulting from the SPU implementation will be subject to discretionary design review by the Corona Planning and Housing Commission. Development will be required to meet the goals, objectives, policies, development standards, and design guidelines that will be implemented by the SPU.

Therefore, the proposed SPU is not growth inducing beyond the land uses already allowed by the specific plan and General Plan and will not impact aesthetic resources.

Potentially
Significant
Impact
Less Than
Significant
Impact With
Mitigation
Measures
Incorporated
Less Than
Significant
Impact
No Impact
II AGRICULTURE AND FORESTRY RESOURCES. In determining whether impacts to agricultural resources are significant environmental effects, lead agencies may refer to the California Agricultural Land Evaluation and Site Assessment Model (1997), prepared by the California Department of Conservation as an optional model to use in assessing impacts on agriculture and farmland. Would the Project:
a) Convert Prime Farmland, Unique Farmland, or
Farmland of Statewide Importance (Farmland),
as shown on the maps prepared pursuant to the
Farmland Mapping and Monitoring Program of
the California Resources Agency, to
nonagricultural use?
   
b) Conflict with existing zoning for agricultural
use, or a Williamson Act contract?    
c) Conflict with existing zoning for, or cause
rezoning of, forest land (as defined in Public    

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City of Corona Downtown Revitalization Specific Plan Update 2024 4 Resources Code section 12220(g)), timberland (as
defined by Public Resources Code section 4526),
or timberland zoned Timberland Production (as
defined by Government Code section 51104(g))?
d) Result in the loss of forestland or conversion of
forestland to non-forest use?    
e) Involve other changes in the existing environment,
which due to their location or nature, could result
in conversion of Farmland to nonagricultural use
or conversion of forestland to non-forest use?
   
a)-e) None of the land located within the boundaries of the SPU is designated as farmland for agricultural use or timberland for forestry use. According to the California Department of Conservation Important Farmland Finder, all the land located within the boundaries of the SPU is designated as Urban and Built-Up Land. Furthermore, the GPEIR states – “Due to significant development over the past 50 years, Corona no longer has any agricultural preserves within its incorporated boundary.”
The Downtown Revitalization Specific Plan Update (SPU) includes updated development standards, and design guidelines for both private development and the public realm to implement the vision of the plan. The SPU does not change the land use designations (zoning), the General Plan designations, or the allowable land uses. The SPU will expand the southern boundary of the specific plan to include 497 parcels that are zoned single family and low-density multiple family residential, mostly consisting of existing residential units with vacant infill parcels scattered throughout. The residential neighborhoods are characteristic of Downtown Corona and contain several properties that are listed as local historic landmarks. The zoning and General Plan designations of the added parcels will remain the same. New development, other than residential projects having less than five units, resulting from the SPU implementation will be subject to discretionary design review by the Corona Planning and Housing Commission. Development will be required to meet the goals, objectives, policies, development standards, and design guidelines that will be implemented by the SPU. Therefore, the proposed SPU is not growth inducing beyond the land uses already allowed by the specific plan and General Plan and will not impact farmland or forestland.

Potentially
Significant
Impact
Less Than
Significant
Impact With
Mitigation
Measures
Incorporated
Less Than
Significant
Impact
No Impact
III AIR QUALITY. Where available, the significance criteria established by the applicable air quality management or air pollution control district may be relied upon to make the following determinations. Would the Project:
a) Conflict with or obstruct implementation of the
applicable air quality plan?    
b) Result in a cumulatively considerable net increase
of any criteria pollutant for which the project
region is non-attainment under an applicable
federal or state ambient air quality standard?
   

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City of Corona Downtown Revitalization Specific Plan Update 2024 5 c) Expose sensitive receptors to substantial pollutant concentrations?    
d) Result in substantial emissions (such as odors or
dust) adversely affecting a substantial number of
people?
   
a)-d) The South Coast Air Quality Management District (SCAQMD) has adopted regional construction and operational emissions thresholds to determine a project’s cumulative impact on air quality in the South Coast Air Basin (SCAB). Table 5.3-6, SCAQMD Significance Thresholds, lists thresholds that are applicable for all projects uniformly regardless of size or scope (Appendix A). Potential SPU impacts would be significant if: (1) they cause an exceedance of any Ambient Air Quality Standards for Criteria Pollutants (AAQS) or (2) are inconsistent with the Air Quality Management Plan (AQMP). The daily SCAQMD significance thresholds are not used as criteria for this analysis since only specific development projects can be analyzed in terms of their conformity with the daily SCAQMD emission significance thresholds.

The Downtown Revitalization Specific Plan Update (SPU) includes updated development standards, and design guidelines for both private development and the public realm to implement the vision of the plan. The SPU does not change the land use designations (zoning), the General Plan designations, or the allowable land uses. The SPU will expand the southern boundary of the specific plan to include 497 parcels that are zoned single family and low-density multiple family residential, mostly consisting of existing residential units with vacant infill parcels scattered throughout. The residential neighborhoods are characteristic of Downtown Corona and contain several properties that are listed as local historic landmarks. The zoning and General Plan designations of the added parcels will remain the same. New development, other than residential projects having less than five units, resulting from the SPU implementation will be subject to discretionary design review by the Corona Planning and Housing Commission. Development will be required to meet the goals, objectives, policies, development standards, and design guidelines that will be implemented by the SPU. Therefore, the proposed SPU is not growth inducing beyond the land uses already allowed by the specific plan and General Plan and will not impact air quality.

Potentially
Significant
Impact
Less Than
Significant
Impact With
Mitigation
Measures
Incorporated
Less Than
Significant
Impact
No Impact
IV BIOLOGICAL RESOURCES. Would the Project:
a) Have a substantial adverse effect, either directly or through habitat modifications, on any species
identified as a candidate, sensitive, or special
status species in local or regional plans, policies,
or regulations, or by the California Department of
Fish and Wildlife or U.S. Fish and Wildlife
Service?
   

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City of Corona Downtown Revitalization Specific Plan Update 2024 6 b) Have a substantial adverse effect on any riparian
habitat or other sensitive natural community
identified in local or regional plans, policies or
regulations or by the California Department of
Fish and Wildlife or U.S. Fish and Wildlife
Service?
   
c) Have a substantial adverse effect on state or
federally protected wetlands (including, but not
limited to, marsh, vernal pool, coastal, etc.)
through direct removal, filling, hydrological
interruption, or other means?
   
d) Interfere substantially with the movement of any
native resident or migratory fish or wildlife
species or with established native resident or
migratory wildlife corridors, or impede the use of
native wildlife nesting sites?
   
e) Conflict with any local policies or ordinances
protecting biological resources, such as a tree
preservation policy or ordinance?
   
f) Conflict with the provisions of an adopted Habitat
Conservation Plan, Natural Community
Conservation Plan, or other approved local,
regional, or state habitat conservation plan?
   
a)-f) No unique, rare, or endangered animal species live within the SPU boundaries. No sensitive species will be affected by redevelopment activities. The relative lack of vegetation and native forage in most of the Project Area renders it relatively valueless to wildlife. For example, birds are less diverse in the Project Area, composed primarily of species common to and adapted to urbanized areas. The City participates in the regional habitat conservation plans identified above to protect its biological resources. In addition, the City’s municipal code includes regulations to contribute to the protection of biological resources in the City or region. The following is a summary of these regulations in the Corona Municipal Code.

Chapter 16.33, MSHCP Mitigation Fee
The purpose and intent of the Multiple Species Habitat Conservation Plan (MSHCP) chapter is to establish a development mitigation fee to: a) help fund the maintenance of biological diversity and the natural ecosystem processes that support this diversity; b) protect vegetation communities and natural areas within the City and western Riverside County which are known to support threatened, endangered, or key sensitive populations of plant and wildlife species; and c) maintain economic development within the City and the region through the implementation of a system of reserves that will provide for permanent open space, community edges, and habitat conservation for species covered by the MSHCP. The MSHCP requires that individuals, businesses, and public agencies proposing development in the “criteria area” of the MSHCP obtain approval from the Regional Conservation Authority and a permit from the local responsible agency. Projects that are approved must pay fees for review and construction of the project. Fee Ordinance 2678 and Resolution 2003-141 in Chapter 16.33 of the municipal code describes this process.

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City of Corona Downtown Revitalization Specific Plan Update 2024 7 Chapter 12.22, Community Forestry Program
Chapter 12.22 of the municipal code recognizes, designates, and protects landmark trees.

Pursuant to the municipal code, the City Council can designate a tree as a "landmark tree" on City property if it meets certain criteria adopted by resolution of the council. The municipal code restricts permanent removal of landmark trees except for emergency situations.

The land within the SPU boundaries consists of intensively developed urban areas. Vegetation within the SPU boundaries is limited to non-native, introduced, and ornamental species that are used for landscaping. According to the General Plan Update EIR, Figure 5.4.1, Western Riverside County MSHCP Criteria Cells and Subunits, Figure 5.4-2, Conservation Land, Figure

5.4-3, Designated Critical Habitat, and Figure 5.4-5, Drainages and Associated Riparian Vegetation Communities, do not include the SPU boundary. As such animal life mostly consists of common bird, reptile, and mammal species that typically live in proximity to man. To prevent impacts on migratory birds protected under the Migratory Bird Treaty Act and the California Fish and Game Code, the General Plan Update EIR already includes Mitigation Measure BIO-7, which requires preconstruction general nesting bird surveys and avoidance impacts to active nests of bird species protected by federal and state laws.

Future development and the rehabilitation of existing buildings and properties resulting from the SPU will introduce non-native landscaping and plant materials commonly associated with urban development. Non-native landscaping, however, will not have the effect of displacing or harming any sensitive plant species since none have been identified to exist within the SPU limits.

The SPU includes updated development standards, and design guidelines for both private development and the public realm to implement the vision of the plan. The SPU does not change the land use designations (zoning), the General Plan designations, or allowable land uses. The SPU will expand the southern boundary of the specific plan to include 497 parcels that are zoned single family and low-density multiple family residential, mostly consisting of existing residential units with vacant infill parcels scattered throughout. The residential neighborhoods are characteristic of Downtown Corona and contain several properties that are listed as local historic landmarks. The zoning and General Plan designations of the added parcels will remain the same. New development, other than residential projects having less than five units, resulting from the SPU implementation will be subject to discretionary design review by the Corona Planning and Housing Commission. Development will be required to meet the goals, objectives, policies, development standards, and design guidelines that will be implemented by the SPU.

Therefore, the proposed SPU is not growth inducing beyond the land uses already allowed by the specific plan and General Plan and will not impact biological resources.

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City of Corona Downtown Revitalization Specific Plan Update 2024 8 Potentially
Significant
Impact
Less Than
Significant
Impact With
Mitigation
Measures
Incorporated
Less Than
Significant
Impact
No Impact
V CULTURAL RESOURCES. Would the Project:
a) Cause a substantial adverse change in the
significance of a historical resource pursuant to
Public Resources Code Section 21084.1 and
CEQA Guidelines Section 15064.5, respectively?
   
b) Cause a substantial adverse change in the
significance of an archaeological resource as
defined in Public Resources Code Section 21083.2
and 21084.1, and CEQA Guidelines Section
15064.5, respectively?
   
c) Disturb any Native American tribal cultural
resources or human remains, including those
interred outside of dedicated cemeteries?
   
a)-c) Cultural resources include archaeological and historical resources. A discussion of tribal cultural resources can be found in Tribal Cultural Resources section of this Initial Study.

Archaeology studies human artifacts such as places, objects, and settlements that reflect group or individual religious, cultural, or everyday activities. Historical resources include sites, structures, objects, or places that are at least 50 years old and are significant for their engineering, architecture, and cultural use or association, etc. In California, historic resources cover human activities over the past 12,000 years. Cultural resources provide information on scientific progress, environmental adaptations, group ideology, or other human advancements. This section of the Initial Study evaluates the SPU project’s potential impact on cultural resources.

The City has a Historical Resources Ordinance, CMC Chapter 17.63, which defines historical resources, establishes the criteria for the listing of local landmarks, and the preservation requirements associated with the modification of historical resources. The Corona Register of Historic Resources and the Corona Heritage Inventory comprise listings of buildings, structures, sites, and features of local significance, civic identity, and character. These include landmarks and historic districts, and heritage inventory properties that are eligible to be nominated as a local landmark. To date, 545 properties are listed on the city’s Heritage Inventory with 50 properties designated as local landmarks and 10 historic districts. There are seven properties in the city also listed on the National Register of Historic Resources.

Like the existing specific plan boundary, the SPU boundary contains several local landmarks and heritage inventory properties. Two notable historic districts, City Park and Grand Boulevard, are also within the boundary of the SPU. Future development or redevelopment within the SPU boundary does not eliminate the historic resources requirements of CMC Chapter 17.63.

Additionally, the SPU does not eliminate or diminish historical resources. If alterations to historic resources occur, the City must determine whether the proposed project will result in a substantial adverse change to a significant historic resource such that the qualities that make the resource significant are impaired or lost. Any resource listed in, or eligible for listing in, the

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City of Corona Downtown Revitalization Specific Plan Update 2024 9 California Register of Historical Resources is presumed to be historically or culturally significant. Buildings and other historic resources protected from adverse changes by local regulations such as a historic district designation or historic preservation ordinance may logically be expected not to suffer such changes if the project complies with those regulations. Where such protective regulations exist, or where mitigating conditions of approval are imposed, the initial study for the future development of a project's CEQA clearance may cite them as evidence that no impact will occur, or that any impacts will be mitigated to a level of insignificance. Either a Negative Declaration or Mitigated Negative Declaration could be adopted under those circumstances. As a result, implementation of the SPU would have a less than significant impact on cultural resources.

Potentially
Significant
Impact
Less Than
Significant
Impact With
Mitigation
Measures
Incorporated
Less Than
Significant
Impact
No Impact
VI ENERGY. Would the Project:
a) Result in a potentially significant environmental
impact due to wasteful, inefficient, or unnecessary
consumption of energy, or wasteful use of energy
resources, during project construction or
operation?
   
b) Conflict with or obstruct a state or local plan for
renewable energy or energy efficiency?    
a-b) The City of Corona’s initial Climate Action Plan 2012 (CAP) provided direction for the reduction of GHG emissions from the following sources under the City’s jurisdiction according to the City’s land use decisions from the General Plan. ▪ Households (residential)
▪ Jobs (commercial and industrial energy)
▪ Service Population (solid waste, water, wastewater and off-road sources) ▪ Vehicle Miles Traveled (transportation: gasoline and diesel).

The 2012 CAP provided measures to meet the goal of reducing community GHG emissions to a level 20 percent below projected business-as-usual emissions for 2020 while meeting the state’s goal of reducing GHG emissions to 1990 levels by Year 2020. The city’s baseline year for 1990 levels was 2008 in the 2012 CAP. The target was to reduce GHG emissions 15 percent below 2008 levels as recommended in the state’s AB 32 Scoping Plan. In 2019 the city updated its CAP in conjunction with the General Plan Update. The 2019 CAP showed greenhouse gas emissions reduced by approximately 35 percent from the city’s 2008 emission levels, meeting the city’s projected reduction from the 2012 CAP.

The 2019 CAP continues to focus on GHG reduction measures to meet the city’s GHG reduction goals for 2030 and 2040. The targeted reduction goal is 49% below 2008 levels by 2030 and 66% below 2008 levels by 2040. The community GHG reduction strategies and emission

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City of Corona Downtown Revitalization Specific Plan Update 2024 10 reductions include the following energy efficiency goals and measures provided in Table ES-3 of Corona’s 2019 CAP.

Goals and Measures
Goal 1: Increase Energy Efficiency in Existing Residential Units

1.1: Energy Efficiency Training, Education, and Recognition in the Residential Sector

1.2: Increase Community Participation in Existing Energy Efficiency Programs

1.3: Home Energy Evaluations

1.4: Residential Home Energy Renovations
Goal 2: Increase Energy Efficiency in New Residential Units

2.1: Exceed Energy Efficiency Standards
Goal 3: Increase Energy Efficiency in Existing Commercial Units

3.1: Energy Efficiency Training, Education, and Recognition in Commercial Sector

3.2: Increase Business Participation in Existing Energy Efficiency Programs

3.3: Nonresidential Building Energy Audits

3.4: Nonresidential Building Retrofits
Goal 4: Increase Energy Efficiency in New Commercial Units

4.1: Exceed Energy Efficiency Standards
Goal 5: Increase Energy Efficiency through Water Efficiency

5.1: Water Efficiency through Enhanced Implementation of Senate Bill X7-7

5.2: Exceed Water Efficiency Standards
Goal 6: Decrease Energy Demand through Reducing Urban Heat Island Effect per Title 24 Requirements

6.1: Tree Planting for Shading and Energy Saving

6.2: Light-Reflecting Surfaces for Energy Saving
The SPU includes updated development standards, and design guidelines for both private development and the public realm to implement the vision of the plan. The SPU does not change the land use designations (zoning), the General Plan designations, or the allowable land uses. The SPU will expand the southern boundary of the specific plan to include 497 parcels that are zoned single family and low-density multiple family residential, mostly consisting of existing residential units with vacant infill parcels scattered throughout. The residential neighborhoods are characteristic of Downtown Corona and contain several properties that are listed as local historic landmarks. The zoning and General Plan designations of the added parcels will remain the same. New development, other than residential projects having less than five units, resulting from the SPU implementation will be subject to discretionary design review by the Corona Planning and Housing Commission. Development will be required to meet the goals, objectives, policies, development standards, and design guidelines that will be implemented by the SPU.

Therefore, the proposed SPU is not growth inducing beyond the land uses already allowed by the specific plan and General Plan and will not impact energy resources.

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City of Corona Downtown Revitalization Specific Plan Update 2024 11 Potentially
Significant
Impact
Less Than
Significant
Impact With
Mitigation
Measures
Incorporated
Less Than
Significant
Impact
No Impact
VIIGEOLOGY AND SOILS. Would the Project:
a) Directly or indirectly cause potential substantial
adverse effects, including the risk of injury,
damage or death involving:
i) Rupture of a known earthquake fault, as
delineated on the most recent Alquist-Priolo
Earthquake Fault Map issued by the State
Geologist for the area or based upon on other
substantial evidence of a known fault?
   
ii) Strong seismic ground shaking?    
iii) Seismic-related ground failure, including
liquefaction?    
iv) Landslides?    
b) Result in substantial soil erosion or the loss of
topsoil?    
c) Be located on a geologic unit or soil that is
unstable, or that would become unstable as a result
of the project, and potentially result in on- or offsite landslide, lateral spreading, subsidence, liquefaction or collapse?
   
d) Be located on expansive soil, as defined in Table
18-1-B of the Uniform Building Code (1994),
creating substantial direct or indirect risks to life
or property?
   
e) Have soils incapable of adequately supporting the
use of septic tanks or alternative waste water
disposal systems where sewers are not available
for the disposal of waste water?
   
f) Directly or indirectly destroy a unique
paleontological resource or site or unique geologic
feature?
   
a) i-iv) The Seismic Safety and Public Safety Element of the General Plan identifies two primary faults of concern to the City of Corona. The Elsinore fault zone is one of the largest in southern California. At its northern end, the Elsinore fault zone splays into two segments, the Chino fault and the Whittier fault. Though the Chino fault is considered "potentially active”, and the General Plan recommends that a Hazard Management Zone be established along this fault, no AlquistPriolo Earthquake Fault Zones exist within the SPU boundaries and surface fault rupture is not currently a potential impact within the SPU boundaries.

Although the boundary of the SPU is urbanized and contains an existing residential and service level population, redevelopment will increase the number of persons within the Plan’s geographically defined area. Seismic hazards pose a greater risk when people are assembled in an area of a potentially active fault, but risk can also be associated with an area located outside of a fault zone due to earth movement. New development is required to adhere to the state’s Building Standards under the California Building Code to minimize damage to property during a seismic event. The SPU in addition to the Building and Construction Standards in Title 15 of the

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City of Corona Downtown Revitalization Specific Plan Update 2024 12 Corona Municipal Code, requires building permits for new construction and various modifications to existing buildings. Therefore, the SPU will result in less than significant impacts related to risks associated with geology and soils. b)-e) The topography in the boundary of the SPU is relatively level with no hillsides subject to landslides, mudslides, or soil erosion. The area is also removed from any drainage courses through which soil erosion could find passage. No landslides, mudslides, or soil erosion are anticipated.

Grading will not result in unstable earth conditions, particularly since such conditions are a function of subsurface geologic and slope conditions. Since the boundary of the SPU is limited to relatively flat topography, no undercutting of slopes or weakening of artificial buttresses will result during future project construction activities. Since the area contains little topographic relief, no grading will occur in areas over 10 percent slope. Therefore, the SPU will result in a less than significant impact related to soil erosion and unstable soils. f) No unique geologic features are known to exist in the boundary of the SPU, since the area is mostly built out. The SPU includes updated development standards, and design guidelines for both private development and the public realm to implement the vision of the plan. The SPU does not change the land use designations (zoning), the General Plan designations, or the allowable land uses. The SPU will expand the southern boundary of the specific plan to include 497 parcels that are zoned single family and low-density multiple family residential, mostly consisting of existing residential units with vacant infill parcels scattered throughout. The residential neighborhoods are characteristic of Downtown Corona and contain several properties that are listed as local historic landmarks. The zoning and General Plan designations of the added parcels will remain the same. New development, other than residential projects having less than five units, resulting from the SPU implementation will be subject to discretionary design review by the Corona Planning and Housing Commission. Development will be required to meet the goals, objectives, policies, development standards, and design guidelines that will be implemented by the SPU. Therefore, the proposed SPU is not growth inducing beyond the land uses already allowed by the specific plan and General Plan and will not impact geology and soils.

Potentially
Significant
Impact
Less Than
Significant
Impact With
Mitigation
Measures
Incorporated
Less Than
Significant
Impact
No Impact
VIII GREENHOUSE GAS EMISSIONS. Would the Project:
a) Generate greenhouse gas emissions, either
directly or indirectly, that may have a significant
impact on the environment?
   
b) Conflict with an applicable plan, policy, or
regulation adopted for the purpose of reducing the
emissions of greenhouse gases?    

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City of Corona Downtown Revitalization Specific Plan Update 2024 13 a)-b) The General Plan Draft Environmental Impact Report (GPDEIR) evaluated the potential for implementation of the City of Corona General Plan Technical Update (General Plan Update) and Climate Action Plan (CAP) to cumulatively contribute to greenhouse gas (GHG) emissions impacts. This evaluation is based on the methodology recommended by the South Coast Air Quality Management District (SCAQMD). Because no single project is large enough to result in a measurable increase in global concentrations of GHG emissions, climate change impacts of a project are considered on a cumulative basis. The analysis in this section is based on buildout of the proposed project, as modeled using the California Air Resources Board’s (CARB) Emissions Factor Model (EMFAC2017), the Off-Road Emissions Factor Model (OFFROAD2017), energy use provided by Southern California Edison (SCE), Corona Department of Water and Power, and the Southern California Gas Company (SoCalGas), and trip generation and vehicle miles traveled (VMT) provided by Fehr & Peers.

The City of Corona’s initial Climate Action Plan 2012 (CAP) provided direction for the reduction of GHG emissions from the following sources under the City’s jurisdiction according to the City’s land use decisions from the General Plan. ▪ Households (residential)
▪ Jobs (commercial and industrial energy)
▪ Service Population (solid waste, water, wastewater and off-road sources) ▪ Vehicle Miles Traveled (transportation: gasoline and diesel).

The SCAQMD identified a screening-level threshold of 3,000 MTCO2e annually for all land use types. This interim bright-line screening-level criteria is based on a review of the Governor’s Office of Planning and Research database of CEQA projects. Based on their review of 711 CEQA projects, 90 percent of CEQA projects would exceed the bright-line threshold. Therefore, projects that do not exceed the bright-line threshold would have a nominal, and therefore, less than cumulatively considerable impact on GHG emissions. Between the three identified thresholds, SCAQMD recommends use of the 3,000 MTCO2e interim bright-line screening-level criterion for all project types (SCAQMD 2010b).

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City of Corona Downtown Revitalization Specific Plan Update 2024 14 According to Table 5.8-6 of the General Plan Update EIR, buildout of the General Plan land uses in the City and Sphere of Influence would result in a net decrease of 57,249 MTCO2e of GHG emissions (4.6 percent decrease in GHG emissions) from existing conditions and would not exceed the 3,000 MTCO2e SCAQMD bright-line screening threshold. Therefore, SPU will not have an impact on Greenhouse Gas emissions.

Potentially
Significant
Impact
Less Than
Significant
Impact With
Mitigation
Measures
Incorporated
Less Than
Significant
Impact
No Impact
IX HAZARDS AND HAZARDOUS MATERIALS. Would the Project:
a) Create a significant hazard to the public or the
environment through the routine transport, use,
emission or disposal of hazardous materials?
   
b) Create a significant hazard to the public or the
environment through reasonably foreseeable upset
and accident conditions involving the release of
hazardous materials into the environment?
   
c) Emit hazardous emissions or handle hazardous or
acutely hazardous materials, substances, or waste
within one-quarter mile of an existing or proposed
school?
   
d) Be located on a site which is included on a list of
hazardous materials sites compiled pursuant to
Government Code Section 65962.5 and, as a
result, would it create a significant hazard to the
public or the environment?
   
e) For a project located within an airport land use
plan area or, where such a plan has not been
adopted, within 2 miles of a public airport or a
public use airport, result in a safety hazard or
excessive noise for people residing or working in
the project area?
   
f) Impair implementation of or physically interfere
with an adopted emergency response plan or
emergency evacuation plan?
   
g) Expose people or structures, either directly or
indirectly, to a significant risk of loss, injury or
death involving wildland fires?
   
a) In Corona, hazardous materials and wastes are transported on the SR-91 and I-15. Notably, the City has no direct authority to regulate the transport of hazardous materials on federal and state highways or rail lines. Construction in accordance with the SPU would involve demolition, grading, and construction of new buildings. Potentially hazardous materials used during construction include substances such as paints, sealants, solvents, adhesives, cleaners, and diesel fuel. There is potential for these materials to spill or to create hazardous conditions. However, the materials used would not be in such quantities or stored in such a manner as to pose a significant safety hazard. These activities would also be short term or one time in nature.

Therefore, there will be no impact.
b) The SPU would allow for the redevelopment of a variety of land uses, including residential, commercial, office, civic, and open space uses. Operation of the future uses that would be

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City of Corona Downtown Revitalization Specific Plan Update 2024 15 accommodated would involve the use of small quantities of hazardous materials for cleaning and maintenance purposes, such as paints, cleaners, solvents, fertilizers, and pesticides. The use, storage, transport, and disposal of hazardous materials by future residents and commercial and industrial tenants/owners would be required to comply with existing regulations of several agencies, including the California Department of Toxic Substances Control, US Environmental Protection Agency, California Division of Occupational Safety and Health, California Department of Transportation, and Riverside County Fire Department. Therefore, there will be no impact.
c)-d) According to the EnviroStor database (2024), the following hazardous sites are located less than one-quarter mile from an existing school.

Owner Case No. Address School/Distance
Spacex, Inc. (60000205) 202 E. 5th St, Corona, CA 92879 Corona Fundamental Intermediate School / 0.7
mile
Corona Annex
(J09CA112000)
(33970001) Corona Annex: East 5th Street and South
Howard Street, Corona, CA 91720
Lincoln Fundamental
Elementary School / 0.6
mile
City of Corona (60000996) East 6th Street: Vacant Parcels,1040 E. 6th Street: The Chuck Wagon Restaurant, 1049
Circle City Drive: Single Family Residence
CORONA, CA 92879
Lincoln Fundamental
Elementary School / 0.5
mile
FMC Corporation (60000226) 1027 E. 3rd St
Corona, CA 92879
Lincoln Fundamental
Elementary School / 0.9
mile
According to the EnviroStor database (2024), the following sites and facilities are located within the SPU boundaries and are included on a list of hazardous materials sites compiled pursuant to Government Code Section 65962.5.

Owner Case No. Address Status
Spacex, Inc. (60000205) 202 E. 5th St.

Corona, CA 92879
Inactive - Needs
Evaluation
Corona Annex
(J09CA112000)
(33970001) Corona Annex: East 6th Street and South Howard Street, Corona, CA 91720
Inactive - Action
Required
City of Corona (60000996) East 6th Street: Vacant Parcels,1040 E. 6th Street: The Chuck Wagon Restaurant, 1049 Circle City Drive: Single
Family Residence
CORONA, CA 92879
No Further
Action
FMC
Corporation
(60000226) 1027 E. 3rd St
Corona, CA 92879
No Action
Required
Any development, redevelopment, or reuse permitted by the SPU on or next to hazardous materials sites would require an environmental site assessment by a qualified professional to ensure that the relevant projects would not disturb hazardous materials sites or plumes of hazardous materials diffusing from one of the hazardous materials sites, and that any proposed

Page 2077 of 2748 ends

City of Corona Downtown Revitalization Specific Plan Update 2024 16 development, redevelopment, or reuse would not create a substantial hazard to the public or the environment. Each development project involving a purchase or lease would have a Phase I Environmental Site Assessment (ESA) conducted for its project site. Those ESAs identifying recognized environmental conditions would recommend Phase II ESAs consisting of sampling and testing of soil, soil vapor, and/or groundwater for hazardous materials; and human health risk assessments based on concentrations of hazardous materials identified. Where Phase II ESAs identified substantial human health risks, remediation of hazardous materials would be recommended before the City of Corona would issue building permits for the affected projects.

Therefore, impacts will be less than significant.
e) Airport operations and their accompanying noise and safety hazards require careful land-use planning on adjacent and nearby lands to protect the residential and business communities in Corona from the potential hazards that could be created by airport operations. Pursuant to Section 21096 of the Public Resources Code, the lead agency must consider whether the SPU will result in a safety hazard or noise problem for persons using the airport or for persons residing or working in the project area. Therefore, airport land-use planning and consistency with the 2004 Riverside County Airport Land Use Compatibility Plan (ALUCP) for the Corona Municipal Airport was completed and determined that the northern boundaries of the SPU are

1.97-miles from the boundaries of the ALUCP. However, the SPU boundaries do not fall within or encroach upon the ALUC Safety Zones for the Corona Municipal Airport, and therefore will not result in a safety hazard or excessive noise for people residing or working within the SPU boundaries. Therefore, there will be no impact.
f) Project implementation will not result in impacts to the City's emergency response and/or evacuation planning programs. Any future projects proposed within the SPU boundaries will be consistent with the Safety Element of the Corona General Plan. This component of the City's General Plan addresses concerns including natural hazards (e.g., earthquakes, flooding, fires, etc.) and community services (e.g., police protection and emergency disaster relief services). The City adopted goals to promote public safety, including the provision of adequate levels of police and fire protection throughout the SPU area. It is incumbent upon the City to mitigate any deficiencies in the emergency disaster services and to ensure that they are designed to function adequately during and after a disaster or emergency event. Future development and/or redevelopment that is consistent with the adopted SPU will be constructed to not interfere with existing or planned emergency response and evacuation programs. Therefore, there will be no impact.
g) The SPU is located entirely within a fully urbanized area and is not within a CalFire hazard severity zone. No wilderness or chaparral areas are present; therefore, no wildfire risk is anticipated with the SPU. Additionally, no aspect of the SPU would create a fire risk where none currently exists. Therefore, there will be no impact.

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City of Corona Downtown Revitalization Specific Plan Update 2024 17 Potentially
Significant
Impact
Less Than
Significant
Impact With
Mitigation
Measures
Incorporated
Less Than
Significant
Impact
No Impact
X HYDROLOGY AND WATER QUALITY. Would the Project:
a) Violate any water quality standards or waste
discharge requirements or otherwise substantially
degrade surface or ground water quality?
   
b) Substantially decrease groundwater supplies or
interfere substantially with groundwater recharge
such that the project may impede sustainable
groundwater management of the basin?
   
c) Substantially alter the existing drainage pattern of the site or area, including through the alteration of
the course or a stream or river or through the
addition of impervious surfaces, in a manner that
would:
i) result in substantial erosion or siltation on- or
off-site?    
ii) substantially increase the rate or amount of
surface runoff in a manner which would
result in flooding on- or off-site?
   
iii) create or contribute runoff water which
would exceed the capaCity of existing or
planned stormwater drainage systems or
provide substantial additional sources of
polluted runoff?
   
iv) impeded or redirect flood flows?    
d) In flood hazard, tsunami, or seiche zones, risk
release of pollutants due to project inundation?     e) Conflict with or obstruct implementation of a
water quality control plan or sustainable
groundwater management plan?
   
a) Clearing, grading, excavation, and construction activities associated with redevelopment within the boundary of the SPU may impact water quality due to sheet erosion of exposed soils and subsequent deposition of particulates in local drainages. Both State and local regulations effectively mitigate construction stormwater runoff impacts from redevelopment associated with the SPU. The City of Corona's grading ordinance contains expanded requirements for grading, site erosion control, and NPDES requirements. This ordinance affects all grading construction sites of any size. Therefore, compliance with existing State and local regulations will ensure that the future redevelopment within the SPU will not degrade surface or ground water quality.

Therefore, there will be less than significant impacts. b) The SPU area relies on local groundwater resources for approximately 40 percent of its water supply. Therefore, increases in population could generate a higher demand for groundwater resources. However, the City of Corona updates its urban water management plan (UWMP) every five years, quantifying existing and projected water supplies and demands to ensure there will not be any water supply shortages or significant groundwater depletion. Since the preparation of the General Plan Update EIR, the UWMP was updated in 2020 and concluded the city’s sources of water supply are sustainably managed and are projected to exceed demand through 2045. The SPU does not contain any changes to the underlying General Plan land use

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Corona City CouncilDecember 4, 2024

Corona City Council
December 4, 2024